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Jardine Lloyd Thompson acquires US-based political risk broker for $25M

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Jardine Lloyd Thompson acquires US-based political risk broker for $25M

U.K.-based Jardine Lloyd Thompson Group Plc acquired U.S.-based International Risk Consultants (IRC) for $25 million.

Columbus, Ohio-based IRC is a specialist trade credit and political risk broker offering trade credit, single- and multi-buyer and political risk insurance in the U.S., Brazil, China and Hong Kong. The two companies already jointly serve some of JLT's credit, political and security (CPS) risk clients.

IRC's companies will be rebranded as JLT Specialty U.S. CPS practice, JLT Asia CPS practice and JLT Brazil CPS practice.

Separately, JLT Group on Feb. 14 acquired the entire issued share capital of U.K.-based Chartwell Healthcare Ltd. for £7.1 million, to be paid cash in tranches between the completion of the acquisition and 2020. The deal is subject to approval from the U.K. Financial Conduct Authority.