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Marsh & McLennan to divest Jardine Lloyd Thompson’s aerospace business to address EU concerns

( March 4, 2019, 11:25 GMT | Official Statement) -- MLex Summary: US insurance broker Marsh & McLennan Companies has submitted a remedy to the European Commission to address concerns about its plan to buy Jardine Lloyd Thompson Group, JLT said today. The proposed remedy would involve a divestment of Jardine Lloyd Thompson Group’s global aerospace insurance broking business, including personnel, to Arthur J. Gallagher & Co. for 190 million pounds.Statement follows....

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