Alexander Forbes Ltd. will acquire a 60% stake in actuarial...

Alexander Forbes Ltd. will acquire a 60% stake in actuarial consultants Lane Clarke & Peacock. The deal, which values the business at £42 million ($60 million), had been planned for almost a year and gives Alexander Forbes, a South African actuarial firm, an actuarial consultancy business in the United Kingdom, said Graeme Kerrigan, group CEO at Alexander Forbes. The deal takes effect in June. Alexander Forbes also is exploring further acquisitions in Europe and the United States, said Mr. Kerrigan. He would not provide further details.