Aon
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The ACCC had initially said it would wrap up its investigation into the competitive implications of the merger by May 27. -
Plus in-depth analyses of the accident and health and airlines markets.
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The US regulator has proposed Willis sells its San Francisco and Houston CRB businesses, and its Bermudian insurance broking arm.
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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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