Global P/C Industry Sees Strongest Rate Hikes in 20 Years but Inflation Headwinds Loom August 2, 2021 By L.S. Howard Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial lines...
Reinsurers Show Strong Profits During 2nd Half, Rebounding from 2020’s Challenges July 30, 2021 By L.S. Howard The first half financial results, reported by a group of six reinsurers over the past week, generally show a strong...
Arthur J. Gallagher Ends $3.6B Deal to Buy Willis Re, After Aon-Willis Merger Scrapped July 27, 2021 By L.S. Howard Arthur J. Gallagher & Co. announced it has terminated its May 12, 2021 agreement to acquire Willis Re and certain...
Update: Aon and Willis Terminate $30B Merger; Aon to Pay $1B Break-up Fee July 26, 2021 By L.S. Howard Aon plc and Willis Towers Watson announced that the firms have agreed to terminate their $30 billion business combination agreement...
Germany’s Floods Will See ‘Sizable’ Protection Gap. Could Insurance Demand Increase? July 22, 2021 By L.S. Howard With an insured price tag of €4 billion to €5 billion (US$4.7 billion to $5.9 billion), economic losses from Germany’s...
Global P/C Industry Sees Strongest Rate Hikes in 20 Years but Inflation Headwinds Loom July 16, 2021 By L.S. Howard Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial lines...
Daily Mail in Negotiations to Sell Catastrophe Modeling Subsidiary RMS July 12, 2021 By L.S. Howard Daily Mail and General Trust Plc (DMGT) said it is in discussions to sell its catastrophe modeling insurance unit, RMS,...
EU Approves Aon-Willis Towers Watson Merger, but Other Roadblocks Remain July 9, 2021 By L.S. Howard The European Commission has approved the acquisition of Willis Towers Watson by Aon, lifting a major roadblock to the proposed...
French Mutual Insurer Covéa Eyes Purchase of AXA XL’s Reinsurance Business: Reports June 28, 2021 By L.S. Howard Covéa, the French non-life mutual, is interested in acquiring AXA XL’s reinsurance business, AXA Re, in a deal that could...
Aon-WTW Merger Would Help Boost Industry’s Innovation. Aon CEO Makes the Case. June 18, 2021 By L.S. Howard The enhanced ability to innovate is a principal motivator for Aon’s proposed acquisition of Aon and Willis Towers Watson. It’s...