The number four broker is seeking to acquire both Willis Re and the European insurance broking businesses.
Underwriters look to avoid the costly option of setting up an EEA service company to use the platform.
The club says the P&I aspects of the claim were “modest”, with the exception of a disputed loss of reputation claim.
The move follows the brokers’ submission of a remedies package last week to allay competition concerns.
The Corporation sets out initial consultation feedback on the future of the room and will share its final vision later this quarter.
15 April 2021
After years of poor performance and talent flight, Insurance Insider examines the challenges faced by Axa XL and the strengths it holds to forge a new start.
Analyst Philip Kett estimates US winter weather losses at $15.3bn.
Rating is now bifurcated, with clean risks securing 12.5%-20% increases and more loss-impacted risks seeing 25% -40% hikes.
The loss is steering more towards a personal lines event, with loss notifications leading to more optimism amongst reinsurers.
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