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News - Heath pulls plug on JLT talks.

Europe Intelligence Wire

| August 01, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Reinsurance)

Heath Lambert Group has ended talks with Jardine Lloyd Thompson (JLT). Discussions had been taking place for a number of weeks with the view to JLT buying Heath Lambert.

Group chief executive, Adrian Colosso, commented: "We began discussions with the aim of combining our increasingly successful business model with the additional resources of JLT. As discussions progressed, we became less confident that we would be able to continue with this model, and therefore less confident of achieving the objective. Proceeding would not have been in the best interests of either our staff or our clients.

"The Heath Lambert way of doing business - focusing more on clients and empowering ...

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