Aon
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The number four broker is seeking to acquire both Willis Re and the European insurance broking businesses.
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Such events are worsening in impact and are harder to recover from, according to the Respecting the Grey Swan report.
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The move follows the brokers’ submission of a remedies package last week to allay competition concerns.
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Underwriters and brokers are competing for talent amid hard market conditions in the class of business.
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Binding insurers include Chubb and AIG, with reinsurance from Munich Re.
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Further details of the proposed remedies to the European Commission are revealed.
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The move follows Willis’ explorations of sales of Willis Re and European units.
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States most impacted include Alabama, Mississippi, Texas, Georgia, and Tennessee.
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The Competition and Consumer Commission of Singapore launches a public consultation over the proposed merger deal.
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The new recruit will be head of power at the UK global broking centre.
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The resignation comes as Willis moves towards completion of the mega merger with rival Aon.
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This week, we revealed that Aon/Willis Towers Watson are looking to separately divest a block of Willis' European businesses and Willis Re, as they work to get their mega merger approved by regulators in the face of competition concerns.