Jardine Lloyd Thompson acquires HSBC Actuaries and Consultants

Jardine Lloyd Thompson Group plc (JLT Group) has acquired HSBC Actuaries and Consultants Limited (HACL), a provider of actuarial, employee benefits and financial planning services. Both the companies are based in the UK.

JLT Group is a provider of insurance and reinsurance broking, risk management advice, and employee Benefit administration and consultancy services.

Deal Type    Acquisition
Sub-Category Majority Acquisition
Deal Status  Completed: 2009-12-01
Deal Participants

Target (Company)   HSBC Actuaries and Consultants Limited
Acquirer (Company) Jardine Lloyd Thompson Group plc
Deal Rationale

The acquisition allows JLT Group to strengthen its market position in UK employee benefits and add to its expertise to reinforce its market position. The acquisition will also allow JLT Group to offer a wider range of services to a larger client base and support its drive to coordinate and grow employee benefits activities internationally.