JLT merges Spanish arm with local giant
JLT is to combine its existing Spanish retail broking business JLT-SIACI Espana SL with the business of March - Unipsa Correduria de Seguros, SAU (Unipsa), the fourth largest commercial insurance broker in Spain and a subsidiary of Banca March, to form March - JLT.
Following the transaction, JLT will have a 25% interest in the combined business which will become a JLT Network Partner.
The total consideration for the acquisition is €16.8m (approximately £14.0m)
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