-
The acquisition is the first executed by Howden Europe.
-
The Hong Kong reinsurer said the move was a ‘natural next step’ in line with the company’s diversification strategy.
-
A White House press spokesperson said the deal would have led to higher costs for businesses and consumers. -
CEO Case reiterated the message that the merger was pulled because of poor timing and "misunderstanding" from the DoJ.
-
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.
-
The companies disclosed that Aon will pay Willis the $1bn break fee.
-
Any transaction would be predicated on a major reorganisation of the acquisition target, slowing deal progress.
-
The deal follows Bolttech’s $180mn Series A funding round this month.
-
CEO Alan Schnitzer said the transaction gave the business “a window into a successful management team” and addressed its underweight position in E&S.
-
Most of the deals are concentrated in the insurance brokerage sector with 375 transactions.
