Reinsurance News
Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
13th April 2021
Global insurance and reinsurance broker Aon has reportedly offered to sell assets in a number of EU countries in order to gain EU antitrust approval for its proposed combination with Willis Towers Watson (WTW), according to Reuters. Reports at the end of March suggested that a remedy proposal for European ... Read the full article
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
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
9th April 2021
The Competition and Consumer Commission of Singapore (CCCS) is currently assessing whether the proposed combination of re/insurance brokers Aon and Willis Towers Watson (WTW) violates competition rules in the country. Competition related concerns continue to be raised, and the announcement from the CCCS follows reports that the European Commission is ... Read the full article
30th March 2021
Re/insurance broker Willis Towers Watson has appointed Elizabeth Bart and Frédéric Matte as directors in the company’s North America Property & Casualty practice within its Insurance Consulting and Technology (ICT) business. Bart is Chicago based and will be responsible for reserving, including delivery of consulting services and technology sales. She will ... Read the full article
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
25th March 2021
According to L’argus de l’assurance, rumors circulating in the French broking market suggest that Willis Towers Watson (WTW) could be considering a sale of its Gras Savoye unit ahead of its planned merger with Aon. The proposed combination of the broking giants is currently under investigation by regulators, with concerns centering ... Read the full article
24th March 2021
Global re/insurance broker Willis Towers Watson has launched a new type of cyber insurance cover designed specifically for Power & Utilities companies. WTW says CyNat has been developed to specifically cover the key industry exposures rather than trying to modify pre-existing generic cyber products. The solution includes crisis management costs, business interruption ... Read the full article
19th March 2021
Fitch Ratings has affirmed the 'BBB+' Issuer Default Rating (IDR) for Aon and removed its Negative Rating Watch, while maintaining Willis Towers Watson’s 'BBB' Long-Term IDR and issue-level ratings on Rating Watch Positive. This move from the ratings agency is directly linked to the much-talked about combination between the two ... Read the full article
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
10th March 2021
New data from re/insurance broker Willis Towers Watson (WTW) shows that US commercial insurance prices grew by a substantial 10% over the fourth quarter of 2020. This was the largest quarterly increase recorded so far by WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), which began in 2003. Data for nearly all lines ... Read the full article
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
8th March 2021
Re/insurance broker Willis Towers Watson (WTW) has announced that CDL, a specialist technology provider, will be joining WTW’s Radar Live Collaboration programme. Radar Live is an insurance rating and rules programme that builds on WTW’s analytical software Emblem, Classifier, Radar Base and Radar Optimiser. The programme has been designed to help equip ... Read the full article
3rd March 2021
Insurance and reinsurance broker Aon's proposed $30 billion merger with Willis Towers Watson (WTW) is to be subject to an EU antitrust warning unless the company offers concessions, according to Reuters. After confirming in December 2020 that it would conduct an in-depth investigation of the transaction, noting concerns it could ... Read the full article
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
