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CEO Scores Marsh & McLennan's Biggest-Ever Deal in Just 11 Days

  • The ‘age of risk’ has really only just begun, Dan Glaser Says
  • Firm’s $5.7 billion JLT purchase cements company’s dominance
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It only took 11 days for Dan Glaser to pull off the biggest deal in his company’s 147-year history.

The chief executive officer of Marsh & McLennan Cos. said he agreed to pay $5.7 billion to buy insurance broker Jardine Lloyd Thompson Group Plc less than two weeks after sitting down to discuss the idea with JLT CEO Dominic Burke. For Glaser, who’s known Burke for more than a decade, the purchase is a bet on the world becoming more complicated.