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Gallagher confirms termination of agreement to buy Willis assets

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

James Thaler, 26 July 2021
Berkley Re’s Glen Riddell promoted to run Australia ops

In addition to the new position, Riddell will simultaneously serve as CEO of Berkley Re Asia.

Eli Rallo, 26 July 2021
Aon-Willis merger termination 'a victory for American businesses': AG Garland

In a statement, Garland argued that the decision will help preserve competition in the insurance brokerage sector in the US.

Jairo Ibarra, 26 July 2021
Mapfre Re swings to Q2 profit of EUR50.3mn

The carrier’s reinsurance unit benefited from reduced frequency of cat losses in the second quarter.

Rachel Dalton, 26 July 2021
Berkshire Hathaway names Alder-Smurthwaite UK head of general casualty

Chubb veteran Caroline Alder-Smurthwaite is named head of Berkshire’s UK general casualty unit.

Eileen AJ Connelly, 26 July 2021
Aon CEO insists broker would have beaten DoJ in court

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

Samuel Casey, 26 July 2021
Willis announces $1bn increase to share buyback scheme in aftermath of Aon merger collapse

The broker has also stated plans to invest in “organic and inorganic growth opportunities” over the next three years.

Luke Harrison, 26 July 2021
Updated: Aon shares up 9.2%, Willis down 9.5% after termination of mega merger

Shares in rival broker AJ Gallagher, whose plans to buy several Willis assets at a knock-down price are now highly uncertain, were down by 2.3% at $139.

Jim Robinson, 26 July 2021
Aon and Willis abort $30bn merger in the teeth of DoJ opposition

The companies disclosed that Aon will pay Willis the $1bn break fee.

Adam McNestrie, 26 July 2021
Howden hires Argo’s Birtwistle for new casualty treaty team

The new hire will work alongside Harris-Hughes and Lambert who recently joined from Guy Carpenter.

Rachel Dalton, 26 July 2021

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