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JLT agrees £17m deal for Alexander Forbes’ employee benefits business

Jardine Lloyd Thompson has bought Alexander Forbes’ employee benefits business, Alexander Forbes Consultants & Actuaries, for £17m.

The deal, which is subject to regulatory approval, will see AFCA become part of JLT’s employee benefits division.

Alexander Forbes chief executive Edward Kieswetter says: “The disposal brings together complementary organisations committed to ongoing positive and impactful client service.

“JLT will gain access to AFCA’s proven expertise and loyal customer base, who in turn stand to benefit from the increased scale of the combined business.”

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