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The competition regulator’s investigation looks to be a procedural matter that will allow the Willis Re saga to conclude. -
The Competition and Markets Authority will investigate whether the deal lessens competition in the UK.
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The deal comes after Howden agreed to buy Italian business Scagliarini in July and Spanish firm Artai in April.
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AJ Gallagher said it bought Grand Cayman-based Briat Insurance for an undisclosed sum.
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The takeover will strengthen Lockton’s presence in Norway.
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The divestiture comes amid Argo’s drawback from international business.
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The expansive broker has agreed to acquire Birmingham-based brokerage Johnson & Co.
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The combined business will move to new Belfast offices in November.
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Founder Charles Manchester will remain with the business.
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The broker will use the new base to access Latvia and Lithuania.
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The inability to strike a deal sends both buyer and seller back to square one.
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The Bermudian carrier acquired the Middle Eastern agency in 2019 as part of its purchase of Ironshore.
