Aon
Airmic panel’s appeals for partnership draw anger at conference
Senior insurance industry figures were drawn into a frank discussion of how the sector could better work with clients on Wednesday, after a pointed question from a risk manager following a panel discussion at the Airmic conference in Brighton.
CMA launches merger inquiry into Gallagher-Willis Re deal
The Competition and Markets Authority has opened a merger inquiry into Arthur J Gallagher buying Willis Towers Watson’s treaty reinsurance business looking at whether the proposed deal will lead to a lessening of competition in the UK market.
Rob Bredahl named Tiger Risk CEO as Rod Fox becomes chair
Tiger Risk Partners has appointed Rob Bredahl as CEO with founder and incumbent Rod Fox taking on the role of executive chairman.
Analysis: Willis Towers Watson's retention and recruitment challenge
The cancellation of Aon and Willis Towers Watson's mega merger poses a talent challenge for the world's third largest broker.
Howden reveals football's Covid losses; Convex opens new European subsidiary; Volante gets new syndicate approval from Lloyd’s; and Zurich supplants Axa as MGA's £105m capacity
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Insurers among host of UK businesses urging PM to show 'strong leadership' ahead of COP26
Insurance companies are among a group of more than 80 UK businesses that have urged Prime Minister Boris Johnson to show “strong leadership” to ensure the upcoming COP26 climate summit is a success.
Aon, Aviva and Axa leaders showcased on top 100 women executives list
Julie Page and Jennifer Bell of Aon, Danny Harmer from Aviva and Axa’s Tracy Garrad have all featured on this year’s Heroes 100 Women Executives List.
All Clear acquires Insure & Go; Liberty supports WTW sustainability accreditation; PIB buys again; Zurich enters UK PMI market
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Editor’s comment: The death of the mega deal?
If not for Covid-19 then the biggest story for the insurance industry of 2020 would have been the $30bn (£21.9bn) mega merger of broking giants Aon and Willis Towers Watson.
Rupert Moore to succeed Nick Frankland as UK CEO of Aon’s reinsurance solutions
Aon has appointed Rupert Moore to take over from Nick Frankland in leading its reinsurance solutions in the UK as part of a global management reshuffle.
Carl Hess to succeed John Haley as WTW CEO
Willis Towers Watson has named Carl Hess as president and CEO with John Haley set to retire at the turn of the year.
Willis Re buy a growth not a synergy story, say Gallagher chiefs
The up to $4bn (£2.9bn) purchase of Willis Re will be a manageable integration costing $250m over three years, according to the leaders of Gallagher.
Gallagher to buy Willis Re for up to $4bn
Gallagher has agreed to pay up to $4bn (£2.9bn) for Willis Re's treaty reinsurance brokerage operations, reviving the deal that was called off when Aon’s takeover of Willis Towers Watson collapsed.
Questgates continues acquisition spree; Dual to buy Align Financial; Right Choice bags Moorhouse; Admiral, Ageas, Allianz, Aviva and Zurich report UK results
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Analysis: Inside two years of insurance data breach reports
Exclusive: Insurers, brokers and other firms within the industry have made 315 data breach reports over two years, with many of the best known businesses in UK insurance among those to notify and cyber a growing concern.
MCE Insurance appoints claims and finance directors
Motorbike specialist MCE Insurance has appointed Paul Ormiston as claims director and Leonard Labinjo as finance director.
Willis Re 'only business' WTW exploring strategic alternatives for: Haley
Willis Towers Watson is exploring "strategic alternatives" for Willis Re but not other parts of the business, CEO John Haley said on Tuesday.
Aon expects $350m of extra costs after WTW deal termination
Aon expects additional charges of up to $400m (£288m) from the cancelled Willis Towers Watson deal.
Aon lays out exec committee after WTW deal failure
Aon has established a new executive committee following the Willis Towers Watson acquisition termination.
Case: Refusal to compromise client and colleague priorities behind merger cancellation
Aon CEO Greg Case has stressed in a letter to clients that the broker was confident of winning the US Department of Justice court case as he laid out the reasons for walking away from the Willis Towers Watson deal.
GRP deal for WTW NI business still on after mega-merger collapse
Global Risk Partners has confirmed to Post that its agreement with Willis Towers Watson to buy WTW’s commercial risk and broking business in Northern Ireland will still go ahead despite the cancellation of the WTW-Aon merger.
Gallagher to cancel debt and investigate share buyback as Willis Re deal thwarted
Arthur J Gallagher has confirmed the termination of its deal to buy certain assets from Willis Towers Watson including Willis Re for $3.57bn (£2.52bn) and laid out plans for the funds as the Aon-WTW merger collapsed.
Aon share price soars as WTW and Gallagher’s dip after mega-deal termination
Aon’s share price rose as its mega-merger with Willis Towers Watson was terminated, while its deal partner and rival Gallagher’s fell.
Aon-WTW merger cancelled after DOJ legal impasse
Aon and Willis Towers Watson have ended their merger plans, citing the “impasse” with the US Department of Justice.