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The intermediary focuses on underwriting and placing property, casualty and errors and omissions coverage. -
The broking houses also said they "remain fully committed to the benefits of [their] proposed combination".
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The move from the US regulator represents the biggest threat to the mega-merger since it was announced in March last year.
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An executive reshuffle at Hesse & Partner will follow Gallagher’s acquisition of all remaining shares in the Swiss broker.
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The US Department of Justice’s antitrust concerns around the Aon-Willis merger have not been fully addressed by the brokers’ recent spate of divestment plans.
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The news follows the agreement to sell several assets to AJ Gallagher, including Willis Re.
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Intact seals the sale just days after the completion of the larger takeover.
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Chief investment officer Dan Topping describes the targets as a financial lines specialist and a “tech-enabled” business.
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After a period of sluggish premium rate growth, the market appears to now be firing on all cylinders.
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The broker has offered to sell its group pharma purchasing and claims audit services in a bid to get the greenlight for its Willis takeover.
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The deal is designed to assuage the Department of Justice’s concerns over the Aon-Willis merger.
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The US government reportedly has around 20 attorneys at work in case it decides to sue to block the deal.
