Towers Watson's proposed merger with (re)insurance broker Willis could be in jeopardy following criticism from the consultancy's investors over the transaction's value proposition.
Probable maximum losses (PMLs) for US wind risk generally subsided ahead of the peak North Atlantic hurricane season, as (re)insurers tweaked their cat exposure in the face of a prevailing soft market environment.
After a pause, the pool of London-listed specialty carriers has resumed shrinking this year with another three (re)insurers succumbing to the advances of foreign buyers.
