Brokers

The disruption of the Aon-Willis deal breakdown could arguably create almost as much of a shake-up of the competitive landscape amongst the second-tier challenger brokers as it will for the two would-be merger partners themselves.

The independent agency network posted a 17% growth rate in the first half of 2021.

The broker said CUOs insisting underwriters renew with price increases risked losing quality business.

The committee will be responsible for seeing through the broker’s four-pronged Aon United Blueprint.

A White House press spokesperson said the deal would have led to higher costs for businesses and consumers.

The Brown & Brown CEO also called the company’s second quarter results the “best” in its history.

Both NFP and Piiq’s soon-to-be owner Ardonagh are part-owned by Madison Dearborn, which has invested heavily in P&C broking over the past decade.

CEO Case reiterated the message that the merger was pulled because of poor timing and "misunderstanding" from the DoJ.

Willis Towers Watson must act quickly and decisively to either salvage the sale of Willis Re or lock down staff.

Wells Fargo insurance analyst Elyse Greenspan said Willis Towers Watson stock “seems very inexpensive” in a note to investors on Monday.

The Illinois-based broker said it would also redeem $650mn in 10-year notes that it issued in May.

Greg Case said the regulator had a "fundamental misunderstanding" of the industry, and that timing prevented the brokers from going to trial.