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EC may approve Aon – Willis Towers Watson merger before July: Report

According to a report from Reuters, the European Commission (EC) may approve Aon's $30 billion acquisition of and merger with Willis Towers Watson (WTW) before the end of this month, which would be in advance of the EC's own deadline. Insurance and reinsurance broking giant Aon is getting closer to realising read the full article →

Miller hires Erik Manning from Peak Capital as Head of ILS

Insurance and reinsurance broker Miller, the newly independent and private equity funded broking group, has announced a further expansion into the insurance-linked securities (ILS) world, with the appointment of Erik Manning as Head of ILS. Manning was most recently the Co-CEO of Peak Capital, the ILS investment fund manager operation of read the full article →

TigerRisk hires former JLT Re exec Jonathon D’Arcy as CFO

TigerRisk Partners LLC, the global risk, capital and reinsurance brokerage and advisory, has announced a new senior appointment, as it has added a new Chief Financial Officer (CFO) with the hiring of Jonathon D’Arcy, who previously worked at broker JLT Re as CFO and COO. D’Arcy joins TigerRisk to replace Milan read the full article →

Gallagher hires Wakefield from Aon as new CEO of reinsurance

Gallagher, the global broking brand of Arthur J. Gallagher & Co., has announced the hire of Tom Wakefield from Aon to take on the role of Chief Executive Officer (CEO) of its reinsurance business, Gallagher Re. Wakefield will take over the Gallagher Re CEO role from Simon Behagg, who is transitioning read the full article →

Aon selling $1.4bn of US retirement units to address US DOJ merger questions

Aon has announced the sale of $1.4 billion of US retirement related operations, which it says is a divestment intended to address certain questions raised by the U.S. Department of Justice over its merger combination with Willis Towers Watson (WTW). The insurance and reinsurance broking giant said today it has signed read the full article →

US DOJ may not challenge Aon / Willis Towers Watson merger: Report

It's been reported that the US Department of Justice (DOJ) Antitrust Division may not challenge Aon's acquisition of rival Willis Towers Watson (WTW), which, after the EC related divestment package, means additional disposals to remedy any DOJ concerns is perhaps now the most likely outcome. Yesterday, our sister publication Reinsurance News read the full article →

BGC to sell brokers Ed and Besso to The Ardonagh Group for $500m

BGC Partners has announced that it has reached an agreement to sell its Corant Global insurance and reinsurance broking businesses, including brands Ed Broking Group Limited and Besso Insurance Group Limited, to The Ardonagh Group Limited for a $500 million cash consideration. It's an interesting move given BGC had recently launched read the full article →

Aon / WTW: Willis Re sale supported, as industry wants broker choice

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. In fact, it seems that carriers would actually support read the full article →

Aon sells German pensions business to LCP, as further step towards WTW merger

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). Aon and Willis Towers Watson (WTW) announced last week read the full article →

WTW assets to expand Gallagher reinsurance value proposition: CEO

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. AJG, or Gallagher's acquisition of a package of divestment assets related to the Aon and Willis Towers Watson (WTW) merger read the full article →