mergers & acquisitions

It seems that the carrier side of the industry is largely very supportive of the sale of Willis Re as part of the preparations for Aon’s acquisition of rival Willis Towers Watson (WTW), as it maintains choice in the reinsurance broking marketplace.

Hamilton, the Bermuda based insurance and reinsurance holding company, has announced the hiring of Craig Howie from Everest Re as its new Group CFO, because incumbent Tony Ursano is set to depart to establish an insurance and insurtech advisory business.

Insurance and reinsurance broker Aon is selling its German pension and retirement consulting and investment business to Lane Clark & Peacock LLP (LCP), in another divestment designed to gain European Commission (EC) approval for its acquisition of rival Willis Towers Watson (WTW).

The Willis Towers Watson (WTW) reinsurance related assets that Arthur J. Gallager (AJG) is purchasing are set to significantly expand the brokerages global reinsurance value proposition, CEO Pat Gallagher has said.

Broking giants Aon and Willis Towers Watson (WTW) are one step closer to completing their planned merger, announcing the agreement of a sale of assets to rival Gallagher in a package valued at $3.57 billion and including reinsurance broking arm Willis Re.

Arthur J. Gallagher is reported to be the likely buyer of a roughly $3 billion divestment package from rivals Aon and Willis Towers Watson (WTW) as the largest merger in insurance and reinsurance broking history continues to move towards a close. Update: A deal was announced on May 12th.

Things move fast in mergers and acquisitions and it’s now been reported by Reuters that Aon is likely to get conditional approval from the European Commission for its acquisition of Willis Towers Watson (WTW), without a statement of objections being published and with only a few tweaks to its proposed package of concessions.

The European Commission (EC) has reportedly been asking for feedback on potential acquirers of assets to be divested due to the merging of insurance and reinsurance broker Aon with Willis Towers Watson (WTW).

Global primary insurance carrier and reinsurance company Chubb noted today that an acquisition of rival The Hartford would have been “compelling”, but The Hartford noted in its Q1 results that it actually turned the would-be purchaser down three times.

It’s been reported that insurance and reinsurance broker Aon made a proactive remedy offer to the US Department of Justice Antitrust Division regarding its impending acquisition of Willis Towers Watson (WTW), as it sought to get on the front-foot of negotiations.