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Marsh, JLT to combine specialty units after deal completion

Marsh & McLennan Cos. Inc.'s Marsh unit said it would combine its specialty business with that of Jardine Lloyd Thompson Group PLC when the companies' deal closes.

JLT Group CEO Dominic Burke will become chairman of Marsh-JLT Specialty, while JLT Specialty CEO Lucy Clarke will become president. Burke and Clarke will work out of London.

Also, JLT Group Deputy CEO Mark Drummond Brady will be vice chairman of Marsh and Dean Klisura will be named president of Marsh Global Placement. Clarke, Drummond Brady and Klisura will serve on the Marsh executive committee and report to Marsh President and CEO John Doyle.

JLT Group shareholders recently approved the sale, which remains subject to the receipt of certain antitrust and financial regulatory approvals.