… AS GROUP ANNOUNCES ACQUISITION OF US BROKER

JLT has expanded its US specialty business with the acquisition of International Risk Consultants, a US specialist trade credit and political risk broker. International Risk Consultants (IRC) is based in Columbus, Ohio and operates across the US, Brazil, China and Hong Kong. It provides trade credit, single- and multi-buyer and political risk insurance. The terms of the deal were not disclosed. Nick Robson, chief executive of JLT Specialty’s credit, political and security (CPS) division, said: “The combination of our existing leading international CPS business in Europe, the Middle East and Africa and Asia, with IRC’s strength in the US, Asia and Brazil, will create the world’s leading CPS practice, delivering [market]-leading international risk and insurance expertise with local service on a global basis.”