Aon

The number four broker is seeking to acquire both Willis Re and the European insurance broking businesses.

Such events are worsening in impact and are harder to recover from, according to the Respecting the Grey Swan report.

The move follows the brokers’ submission of a remedies package last week to allay competition concerns.

Underwriters and brokers are competing for talent amid hard market conditions in the class of business.

Binding insurers include Chubb and AIG, with reinsurance from Munich Re.

Further details of the proposed remedies to the European Commission are revealed.

The move follows Willis’ explorations of sales of Willis Re and European units.

States most impacted include Alabama, Mississippi, Texas, Georgia, and Tennessee.

The Competition and Consumer Commission of Singapore launches a public consultation over the proposed merger deal.

The new recruit will be head of power at the UK global broking centre.

The resignation comes as Willis moves towards completion of the mega merger with rival Aon.

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.