Reinsurance News
Willis Towers Watson news
Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
EC approval a “major step” towards completion: Aon & WTW
9th July 2021
A statement from Aon and Willis Towers Watson (WTW) describes today’s regulatory approval from the European Commission (EC) as a “major step” towards the completion of the brokers’ pending merger. The approval was described as conditional on full compliance with a substantial set of commitments offered by Aon, including the ... Read the full article
Aon / WTW merger cleared by European Commission
9th July 2021
The ongoing merger between re/insurance broking giants Aon and Willis Towers Watson has cleared a significant hurdle today with breaking news of the deal’s approval by the European Commission. The approval is described as conditional on full compliance with a substantial set of commitments offered by Aon, including the divestment of ... Read the full article
Aon / WTW US antitrust trial to begin in November, possibly later
7th July 2021
A federal judge has told global brokers Aon and Willis Towers Watson (WTW) that their trial versus the Antitrust Division of the U.S. Department of Justice (DoJ) is unable to commence before November and could be delayed further owing to a backlog of cases. After the DoJ proposed a trial ... Read the full article
Aon & Willis Towers Watson call for ‘earliest possible trial date’
6th July 2021
Global insurance and reinsurance brokers Aon and Willis Towers Watson (WTW), have emphasised the pressing need for the "earliest possible trial date" for their pending case against the Antitrust Division of the U.S. Department of Justice (DoJ), which seeks to block their $30 billion combination. After a filing an antitrust ... Read the full article
New Zealand again extends Aon / WTW merger decision date
2nd July 2021
The New Zealand (NZ) Commerce Commission's ongoing investigation into the proposed $30 billion combination of Aon and Willis Towers Watson (WTW) has been extended once more, with a conclusion now expected by August 20th, 2021. This is the second time New Zealand’s Commerce Commission has extended its deadline after launching an ... Read the full article
DoJ’s Feb 2022 trial date ‘untenable’ and prolongs uncertainty, says Aon/WTW
30th June 2021
Lawyers of global re/insurance brokers Aon and Willis Towers Watson (WTW) have described the US Department of Justice's (DoJ) proposal that its trial seeking to block their merger not commence until February of next year as "untenable". In an effort to stop the creation of what it calls a "broking behemoth", ... Read the full article
South Africa asks for further divestments in Aon / WTW remedy package
29th June 2021
The Competition Commission of South Africa (CCSA) has required that brokers Aon and Willis Towers Watson (WTW) make a number of significant divestments to remedy competition concerns before their pending merger can be approved in the country. The regulator has asked that the brokers divest WTW’s entire global reinsurance broking business ... Read the full article
WTW begins digitally trading complex risks at Lloyd’s via Brit’s Ki
29th June 2021
Re/insurance broker Willis Towers Watson has started live trading complex commercial risks after integrating its broking platform with Ki. Ki was launched by Brit in collaboration with Google Cloud and its algorithm is able to evaluate the marketplace’s policies and automatically quote for business. The integration of its algorithmic underwriting with WTW’s ... Read the full article
Aon / WTW merger needs further review, says Singapore
29th June 2021
After completing its initial review of the proposed combination of re/insurance brokers Aon and Willis Towers Watson (WTW), the Competition and Consumer Commission of Singapore (CCCS) has identified executive compensation and related consulting services as areas for further review. Following receipt of a notification from Aon for a decision on the ... Read the full article
Combined Aon/WTW would be world’s largest outsourced investment firm: Bloomberg
23rd June 2021
Reports from Bloomberg highlight how the proposed $30 billion merger of insurance brokerage giants Aon and Willis Towers Watson (WTW) would create the world’s largest outsourced investment management firm. Some critics of the proposed deal have warned that the combined entity would dominate outsourced investment services, noting concerns that the large ... Read the full article
DoJ suit may prolong international decisions on Aon & WTW merger
21st June 2021
The decision by the U.S. Department of Justice (DoJ) to try to block the proposed combination of re/insurance brokers Aon and Willis Towers Watson (WTW), suggests that regulators in other jurisdictions are now likely to fall in behind the DoJ's timeline, according to reports. Last week's announcement from the U.S. ... Read the full article
Aon & Willis Towers Watson surprised by DOJ lawsuit: report
21st June 2021
Global re/insurance brokers Aon and Willis Towers Watson (WTW) are said to have been surprised by the U.S. Department of Justice's (DOJ) decision to block their proposed combination, amid reports the parties were not offered a so-called 'last rites' meeting with leadership. Last week, the DOJ filed a civil antitrust ... Read the full article
Gallagher “wide open” to take on more Aon / WTW business, says CEO
18th June 2021
J. Patrick Gallagher, Jr. Chairman, President and CEO at Arthur J Gallagher, has said that the company remains “wide open” to taking on more business from the pending merger between Aon and Willis Towers Watson (WTW), should it be offered up as part of a further remedy package. It was confirmed ... Read the full article
Aon-WTW deal would deliver better client services, says GlobalData
18th June 2021
GlobalData analysts believe the Aon and Willis Towers Watson merger will complement each broker's business solutions and deliver better client services, following a block of their proposed merger by the Justice Department in the US. The U.S. Department of Justice (DOJ) filed a civil antitrust lawsuit to block the proposed ... Read the full article
Further divestitures more likely than Aon/WTW deal collapse, say analysts
17th June 2021
As the U.S. Department of Justice (DOJ) sues to block the combination of global re/insurance brokers Aon and Willis Towers Watson (WTW), analysts at KBW view additional divestitures as a more likely outcome than the deal falling apart completely. Previous reports that the DOJ was likely to approve the $30 ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
