WTW
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Aon stock recovers from yesterday’s losses after the broker rules out the pursuit of a takeover of its smaller rival. -
The broker had been forced to disclose “preliminary” work on a deal due to strict Irish regulations.
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The takeover would create the largest (re)insurance broking business by revenue.
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The would-be acquirer has reportedly yet to make a final decision about an offer, though the two sides have already held talks.
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Leave clients to decide how they want to pay – it’s their money after all.
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Transaction numbers declined marginally year on year.
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The new team will be based in Hong Kong and led by David Gregori.
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The regulator plans to deal with the issues it has identified through the normal supervisory process.
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The big three brokers expect group organic revenue growth in the mid-single digits for 2019.
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At the midpoint of disclosures, this publication summarises the key trends identified by industry leaders so far.
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Panellists urge action on London expense ratios and digital innovation.
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The CEO says the broker is open to “lots of different-sized deals”.
