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News BrokersMergers and Aqcuisitions

Stoppage of Aon-Willis combo won’t slow brokerage M&A activity: KPMG Canada deal advisor

July 28, 2021 by Greg Meckbach

Mid-sized brokers need to be careful in their approach to mergers-and-acquisition proposals but the abrupt cancellation of Aon’s $30-billion acquisition of Willis Towers Watson is not going to slow down deal-making within the brokerage sector, a Montreal-based insurance M&A expert

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

How many people Marsh hired amidst ‘distraction and uncertainty’ of Aon-Willis merger discussions

July 26, 2021 by Greg Meckbach

Amid the uncertainty over Aon PLC’s now-scuttled plan to acquire Willis Towers Watson PLC, Marsh & McLennan Companies Inc. increased its staff level by nearly 2,000 during the first half of 2021, Marsh & McLennan CEO Dan Glaser says. “We

News BrokersMergers and Aqcuisitions

Aon-Willis merger no longer going ahead

July 26, 2021 by Greg Meckbach

Aon plc is no longer going to acquire Willis Towers Watson plc. Aon and Willis – the world’s second and third biggest commercial property and casualty brokerage respectively – are terminating their US$30-billion combination agreement, Aon announced Monday. The proposed

News BrokersInsuranceMergers and Aqcuisitions

Aon-Willis deal under review by Competition Bureau

July 5, 2021 by Greg Meckbach

Canada’s competition regulator is reviewing the proposed merger of global brokerages Aon plc and Willis Towers Watson plc, but the federal government is not saying whether it has actually received any complaints. The US$30-billion deal, originally announced in March 2020,

News BrokersInsuranceMergers and Aqcuisitions

Only 3 brokers have the ‘wherewithal’ to place complex large account package: Consultant

June 30, 2021 by Greg Meckbach

Some Fortune 1,000 commercial clients really have a choice of essentially three brokers – Aon, Marsh or Willis – if they are looking for a complete insurance package, a consultant for the insurance industry suggests. In a recent court filing,

News BrokersInsuranceMergers and Aqcuisitions

BFL president reacts to regulator’s effort to prevent Aon-Willis merger

June 23, 2021 by Greg Meckbach

In trying to block Aon plc’s proposed acquisition of Willis Towers Watson plc, the United States competition regulator is off the mark in how it describes the world’s three-biggest property and casualty commercial insurance brokerages, suggests a senior executive with

News BrokersInsuranceMergers and Aqcuisitions

Why the U.S. competition regulator wants to stop the Aon-Willis merger

June 17, 2021 by Greg Meckbach

Almost all large firms in the United States buy their property and casualty insurance through either Marsh, Aon or Willis Towers Watson, the latter two of the ‘Big Three’ having market share of more than 40% in property and liability

News BrokersClimate ChangeInsurance

How much property coverage capacity Canada’s oil sands has lost

June 15, 2021 by Greg Meckbach

The withdrawal of “hundreds of millions” of capacity for property risks related to Canada’s oil sands is creating a new challenge for brokers trying to place insurance for oil and gas clients, a broker executive reports. Some insurers have taken

News BrokersInsurance

Aon’s approach to post-pandemic travel and entertainment

May 11, 2021 by Greg Meckbach

As business leaders await an easing of pandemic lockdown restrictions, Aon Plc executives suggest that, going forward, they plan to apply the lessons they’ve learned during COVID-19 regarding collaboration. “We are going to be smart about how we do [travel

News Insurance

Would your client actually buy a pandemic risk product?

February 25, 2021 by Jason Contant

Even if insurance products were available for pandemic risk specifically, several businesses say they wouldn’t anticipate becoming more dependent on risk financing or insurance as a result, according to the results of a global survey from Aon. Few companies have

News BrokersInsuranceMergers and Aqcuisitions

How Aon’s proposed takeover of Willis Towers Watson is going

February 8, 2021 by Greg Meckbach

Aon plc has yet to complete its proposed acquisition of Willis Towers Watson plc, but the future management team of the combined brokerage is already starting to collaborate, Aon CEO Greg Case suggested last week. Shareholders of both Aon and

News Brokers

How Aon Canada is promoting LGBT+ inclusion

January 29, 2021 by Greg Meckbach

Aon Canada plans to do a voluntary workforce survey, which would include questions about sexual orientation. Last year, the global insurance brokerage launched an employee self-identification campaign in the United States, said Sean Kavanagh-Lang, national broking director for operations, data