Brokers
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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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The insurer has been expanding its marine presence in London.
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In the downstream energy insurance market, 2021 has begun relatively quietly in terms of loss activity.
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Both parties continue to look determined to take the steps needed to get the deal to the line.
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A New York court has ruled that the names of two clients who are friends with a broker who has left Willis Re to join rivals TigerRisk can be published.
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Further details of the proposed remedies to the European Commission are revealed.
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The partnership will focus on onshore wind and solar projects in the US and Canada with a line size of up to $50mn per location.
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The potential sale of Willis Re to AJG would push Gallagher Re into the big leagues – but make little impact on the wider market.
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The executive said consolidation produced “immense powerhouses of data and intellect”, but reduced options for clients.
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The resignation comes as Willis moves towards completion of the mega merger with rival Aon.
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The largest of the businesses, Gras Savoye, has been seen as one of the jewels in the crown at Willis.
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Around 15 producing brokers are on the move, with a number from the non-marine specialties team.
