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The third-largest insurance broker, Willis Group Holdings, has agreed to merge with Towers Watson & Co. to help take on larger U.S. rivals.
Profit at its U.S.-based Jackson National Life unit surged 67 percent as sales of variable annuities jumped 41 percent.
The company said its targeting the United States for expansion after the U.K.s biggest manager of pension assets posted higher earnings and an increased dividend.
