Insurance broker that is now part of Marsh & McLennan had failed to manage risks effectively, leading to bribes of more than $3m, FCA says

The Financial Conduct Authority said 22 June that it fined insurance broker JLT Specialty about £7.9m, equivalent to about $9.7m, for alleged financial crimes including bribery.

UK-based JLT Specialty is now part of New York-based professional-services firm Marsh & McLennan, which acquired its parent company, Jardine Lloyd Thompson Group, in 2019.

FCA hits insurance broker JLT Specialty with £7.9m bribery fine

Mengqi Sun

Marsh & McLennan

C-Suite

Financial Regulation

Investing

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