Aon
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The merger may cause price increases or reduced service levels for major insurance buyers. -
Our highest priority remains protecting the health, safety and wellbeing of our colleagues, said CEO Case.
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The takeover last year was a significant piece of InsurTech M&A.
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Sources have emphasised that such pauses are a routine part of the Phase II review process.
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Michael Burwell, Gene Wickes, Carl Hess and Joseph Gunn will each receive a payment for staying with the business until the deal closes.
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Executives reiterate the mid-single expansion guidance announced in March, despite growing organically by 1% in 2020.
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Net income increased by over 40% in the quarter to $524mn and reinsurance continued its growth momentum.
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In a joint submission, the intermediaries argue that the deal will not reduce market competition in New Zealand.
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Business COO James Platt will take on the role until the expected closing of the broker’s merger with Willis Towers Watson.
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Plus the highlights of Insider London Live and all the week’s top stories.
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Oaktree Capital is understood to be the institutional investor behind the "permanent capital" retro carrier.
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