Reinsurance News
Insurance news
Insurance news of relevance to the reinsurance market.
Our focus is on insurance and reinsurance news for large account, commercial and specialty lines, as well as pure reinsurance and retrocession news, analysis, insight and interviews.
Aon – WTW merger review extended by Australian regulator
26th April 2021
Having said that Aon's acquisition of Willis Towers Watson (WTW) could significantly lessen competition in the supply of commercial risk, reinsurance and employee benefits broking and advisory services in Australia, the country's competition regulator has now pushed back the end-date of its review of the deal. Back in February, the ... Read the full article
Aon – WTW: Remedy proposal reportedly submitted to US DOJ
22nd April 2021
It's been reported that Aon has submitted a remedy offer to the US Department of Justice Antitrust Division as it seeks to gain approval for its planned acquisition of rival Willis Towers Watson (WTW) . Earlier this week we reported on the news that an expansion of the divestment package ... Read the full article
Aon / WTW: Concessions show willingness to complete partial deal, say analysts
12th April 2021
In offering deal-related concessions to the European Commission, Aon and Willis Towers Watson have shown their “willingness to complete even a partial deal,” according to equity analysts at Keefe Bruyette & Woods (KBW). As we reported earlier this morning, the European Commission has restarted the clock on the Aon and ... Read the full article
Aon / Willis Towers Watson: EC restarts clock as concessions offered
12th April 2021
The European Commission (EC) has restarted the clock on its investigation into the proposed combination of Aon and Willis Towers Watson (WTW), after concessions were submitted on April 9th, but the deadline for completion has now been pushed into the second-half of the year. The regulators have been looking into the ... Read the full article
Aon / WTW: Reports say EC remedy package in development, progressing
29th March 2021
Aon and Willis Towers Watson (WTW) are making progress in developing a remedy proposal for European Commission regulators, as the pair look to be proactive in making concessions to get the merger completed, according to reports. As we've previously written, competition related concerns are said to be rising, with the ... Read the full article
Swiss Re & Hannover Re warn of COVID-19’s claim tail & litigation risk
17th March 2021
Two of the world's largest reinsurance firms are warning that while the immediate losses caused by the global COVID-19 coronavirus pandemic may be largely reserved for, both expect a longer-tail of exposure to develop over time. There is great uncertainty over the potential for the COVID-19 pandemic to drive losses to ... Read the full article
Aon / WTW: Reports suggest US DOJ may have reinsurance concerns
17th March 2021
The pending acquisition of rival Willis Towers Watson (WTW) by its larger rival Aon continues to generate headlines, with recent reports in specialist antitrust publications suggesting concerns from the US government may have a reinsurance focus, as well as in other areas like benefits and large corporate clients. While concerns raised ... Read the full article
Aon / WTW: Sources expect Willis Re sale & divestment to near $1.8bn cap
9th March 2021
Aon's pending acquisition of rival Willis Towers Watson (WTW) continues to generate significant chatter in investor and analyst circles, with sources increasingly confident a sale of reinsurance broker Willis Re will be the likely outcome, if remedies are needed to get the merger through. But divestitures are not seen as stopping ... Read the full article
Chinese carriers to benefit from removal of capped ownership: GlobalData
2nd March 2021
Analysis by GlobalData projects an almost 33% increase in China's gross written premiums (GWP) in 2024 from the level recorded in 2020, with growth expected to benefit domestic champions despite the country opening up. China is on course to become the largest insurance market in the world, but while attracting foreign ... Read the full article
Berkshire Hathaway’s reinsurance underwriting loss widens on COVID & catastrophes
27th February 2021
Berkshire Hathaway’s insurance and reinsurance business suffered the effects of the global pandemic and severe catastrophe events in 2020, driving the reinsurance underwriting loss higher to -$2.7bn for the year. A year ago, the reinsurance business of the Warren Buffett owned conglomerate, Berkshire Hathaway Reinsurance Group, fell to an underwriting loss ... Read the full article
Aon / WTW deal circled by merger arb & event driven hedge funds
26th February 2021
The Aon and Willis Towers Watson (WTW) deal, which will be the largest insurance and reinsurance broker merger or acquisition in history, is now attracting significant attention from investors in the merger arbitrage and event driven hedge fund space. Just in the last two weeks, we've heard from numerous global investment ... Read the full article
Biden administration considered more positive for the re/insurance industry
25th January 2021
Of the industry contacts we approached, the largest proportion believe the Biden administration will be a catalyst for positive change within the insurance and reinsurance industry. At 37%, respondents who see this new administration as more positive than the one assembled under Trump narrowly edged out the 31% who expect the ... Read the full article
The US Capitol riots and the re/insurance industry: Tom Johansmeyer, PCS
7th January 2021
We interviewed Tom Johansmeyer, Head of PCS, today, to gain some background colour and a view on the rioting and civil disturbance seen at the US Capitol buildings on January 6th 2021. While the rioting and disturbances seen at the US Capitol yesterday aren't expected to have any significant financial implications ... Read the full article
UnitedHealth, Ping An, AXA top list of world’s largest insurers by premiums
6th January 2021
When ranked by net premium written (NPW) in 2019, UnitedHealth Group Incorporated remains the world's largest insurance company on the back of year-on-year growth of 6.52%. Based on research data from ratings agency A.M. Best, our directory of the World’s Largest Insurance Companies shows that UnitedHealth Group has maintained ... Read the full article
We need to refuel fiscal & monetary tanks, then upgrade the engine: Swiss Re’s Haegeli
13th November 2020
The impact of the ongoing COVID-19 pandemic has emptied global monetary and fiscal tanks and once refuelled, it would be wise to upgrade the engine, according to Swiss Re’s Chief Economist, Jérôme Jean Haegeli. Speaking with Reinsurance News around the launch of Swiss Re’s latest sigma publication, Haegeli stressed that it’s important to ... Read the full article
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