WTW

The number four broker is seeking to acquire both Willis Re and the European insurance broking businesses.

The account is the largest manufacturer’s account in the aviation market and is currently brokered by Willis.

The move follows the brokers’ submission of a remedies package last week to allay competition concerns.

A New York court has ruled that the names of two clients who are friends with a broker who has left Willis Re to join rivals TigerRisk can be published.

Further details of the proposed remedies to the European Commission are revealed.

The move follows Willis’ explorations of sales of Willis Re and European units.

The Competition and Consumer Commission of Singapore launches a public consultation over the proposed merger deal.

 The potential sale of Willis Re to AJG would push Gallagher Re into the big leagues – but make little impact on the wider market. 

Capacity above a certain limit remains unavailable, with coal and oil sands industries affected especially.

Offshore construction business can attract rates of up to 75%, compared with 5% rises in exploration and production.

The resignation comes as Willis moves towards completion of the mega merger with rival Aon.

This week, we revealed that Aon/Willis Towers Watson are looking to separately divest a block of Willis' European businesses and Willis Re, as they work to get their mega merger approved by regulators in the face of competition concerns.