Update: Aon Offers to Sell Assets to Gain EU Antitrust Approval for $30B Willis Bid April 12, 2021 By Foo Yun Chee BRUSSELS – Insurance broker Aon has offered to sell assets in several EU countries and the reinsurance unit of takeover...
$1B Insurance Price Tag for U.S. Severe Weather in March (and Other Global Events): Aon April 12, 2021 Multiple U.S. severe weather outbreaks, including tornadoes, hail, and flooding, resulted in losses of more than $1 billion for public...
Aon Takes a Holiday March 30, 2021 Aon announced it is closing operations and taking a global holiday on April 1st and April 2nd. These two days...
A U.S. Storm that Will Break Insurance Records – and Other February Storms, Quakes March 15, 2021 February saw a spate of winter storms in the United States, including the period from Feb. 12-20, which will become...
Update – Aon’s $30B Bid for Willis Towers Watson Faces EU Antitrust Warning: Reuters March 3, 2021 By Foo Yun Chee BRUSSELS – Aon will face a list of objections by the EU’s antitrust watchdog which it must overcome with concessions...
Australia Regulator Raises Antitrust Concerns over $30B Aon-Willis Towers Watson Deal February 18, 2021 Australia’s competition regulator on Thursday raised initial concerns over Aon’s $30 billion bid for Willis Towers Watson to create the...
Insurers Overwhelmed by Demand for D&O Coverage for Blank Check Companies February 10, 2021 By Katherine Chiglinsky and Jenny Surane The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. Firms selling directors-and-officers liability...
Willis Towers Watson to Pay $2.1M Cash Retention Agreements for 4 Executives February 8, 2021 Willis Towers Watson has approved retention agreements worth $2.1 million for four executives as an incentive for their continued employment...
Property Catastrophe Bond Placement Reaches Record in 2020 and Q4: Aon February 4, 2021 Approximately $11 billion of property catastrophe bond limit was placed in 2020, the highest on record, according to a new...
Nearly Two-Thirds of Global Catastrophe Economic Losses Unaddressed by Insurance January 25, 2021 There were 416 natural catastrophe events globally in 2020 that resulted in economic losses of $268 billion – 8% above...