“MMC acknowledges that, to protect the company to be acquired under the programme, JLT has agreed to pay cash withholding bonuses to employees whose commitment is considered critical to the company, up to a maximum of $75 million (approximately SG$135 million), with these rewards being funded in part by JMH.” explained the cooperation agreement consulted by Insurance Business. Glaser had previously observed JLT`s growth as an insurance manager at American International Group Inc., when the company would help him assemble it with potential customers. Burke`s company`s purchase price is more than twice as high as Marsh & McLennan`s $2.05 billion deal to buy European broker Sedgwick Group Ltd. in 1998, the company`s second largest acquisition. . . .