Energy Insurers Become Latest Casualty of Oil Slump as Projects Are Postponed February 11, 2016 By Carolyn Cohn and Jonathan Saul The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects...
Aon Launches Lloyd’s Lead Facility for U.S. Casualty Risks February 8, 2016 Aon plc has launched Lloyd’s Lead Excess Aon Facility (Lloyd’s LEAF), a program that increases placement options for Aon’s U.S....
Aon Reports 27% Rise in Q4 Net Income; 1% Decline During Full Year February 5, 2016 London-based Aon plc reported net income attributable to Aon shareholders in the fourth quarter of 2015 was $584 million, or...
Chinese Industrial Firms Will Lead Insurance M&A in 2016, to Grow Beyond Asia February 5, 2016 By Sarah Jones China’s biggest industrial companies want to buy insurers in 2016 as they seek to grow outside Asia as the domestic...
Willis to Join S&P’s 500 Index on Jan. 4 December 29, 2015 By Sonali Basak Willis Group Holdings Plc, the insurance broker that’s planning a merger with consulting firm Towers Watson & Co., will join...
Towers Watson Shareholders ‘Should Reject’ New Willis Deal, Says Proxy Adviser December 4, 2015 By Katherine Chiglinsky Towers Watson & Co. shareholders should vote against an $8.9 billion merger with Willis Group Holdings Plc even after the...
Tower Watson Sweetens Willis Merger Offer by Doubling Special Dividend to $10 November 19, 2015 By Katherine Chiglinsky Willis Group Holdings Plc, the third-largest insurance broker, agreed to better terms for Towers Watson & Co. shareholders in a...
Aon Benfield Names Nevard Chief Commercial Officer, Global ReSpecialty Unit November 19, 2015 Aon Benfield has appointed Russell Nevard as chief commercial officer of its Global ReSpecialty reinsurance division. He will join the...
U.S. Health Care Cost Increases at Lowest Rate in Nearly 20 years: Aon November 12, 2015 After plan design changes and vendor negotiations, the average health care rate increase for mid-size and large companies was 3.2...
ISS Advice on Willis-Towers Deal ‘Encourages’ Short-Term Shareholder Activism November 11, 2015 By Beth Jinks and Katherine Chiglinsky Institutional Shareholder Services’ recommendation that Towers Watson & Co. investors vote against the proposed merger with Willis Group Holdings Plc...