Willis Towers Watson

WTW CLIPS: US commercial price increases moderated to 8% in Q1

Willis Towers Watson’s most recent Commercial Lines Insurance Pricing Survey has revealed that nearly all lines indicated significant price increases in the first quarter but the rate of increase was slower than that seen in the fourth quarter of 2020

WTW: Insurers facing $15bn-$20bn IFRS 17 implementation cost

The total cost for the global insurance industry to implement IFRS 17 will be between $15bn and $20bn, with large multinationals facing an average cost of US$175-200mn each, according to a new survey by Willis Towers Watson (WTW).

Mooted US and Aus-NZ divestments point to final actions to get Aon-WTW over the line

Reports at the end of last week that Aon is offering to make additional US divestments to satisfy the Department of Justice and suggestions from sources that Gallagher may be in line to pick up modest assets in Australia and New Zealand point to continued momentum towards an Aon-WTW close.

Aon-WTW – another key step taken

Aon’s agreement to sell off its US retirement business and retiree health exchange is likely to be seen as another key step as management continue to take a pragmatic approach to getting the Willis Towers Watson deal over the finish line.

Aon-WTW builds DoJ momentum with further $1.4bn divestments to Aquiline and Alight

Aon has said that deals to sell its US retirement business to Aquiline and its Aon Retiree Health Exchange to Alight for combined consideration of $1.4bn provide further momentum towards closing its proposed combination with Willis Towers Watson as it it continues to respond to regulators.

Newsflash – Aon now divests US retirement and retiree health exchange businesses in bid to address DoJ concerns

Aon has agreed to sell its US retirement business to Aquiline and its Aon Retiree Health Exchange business to Alight for total gross consideration of $1.4bn in divestments aimed at addressing US Department of Justice concerns related to its combination with Willis Towers Watson (WTW).

New Zealand extends Aon-WTW merger decision to July

The New Zealand Commerce Commission has again delayed the announcement of the findings of its review of Aon’s combination with Willis Towers Watson, with the regulator pushing back its decision date to 2 July 2021.

Willis Re hires UIB’s Kassali as MENA regional director

Willis Re has brought in Chems-Eddine Kassali from United Insurance Brokers (UIB) as its new regional director, Middle East and North Africa (MENA).

General aviation business finding a home in London as domestic capacities dwindle

The London Market is seeing more general aviation business as domestic markets’ capacity reduces, with carriers in the company market welcoming more business than their Lloyd’s counterparts, according to Willis Towers Watson (WTW).

Hannover Re and WTW to lead IDF project to develop cover for Colombian city

A public-private partnership has been launched by the Insurance Development Forum (IDF) to enhance disaster risk management in the city of Medellín in Colombia.

Aon agrees deal to sell German pension advisory arm to satisfy EC concerns

Aon is selling its pensions consulting, pension insurance broking, pensions administration and investment consulting business in Germany to Lane Clark & Peacock in the latest divestment aimed at addressing European Commission concerns over its combination with Willis Towers Watson.

Aon-WTW: It wasn’t so much the regulators, as the markets…

This week, Aon made a major breakthrough on the road to completing the largest – and most complicated – transaction in insurance broking history.

Gallagher: WTW aviation builds on “smashing success” of JLT takeover

The addition of Willis Towers Watson (WTW)’s aerospace assets will further enhance the aviation practice Arthur J Gallagher has been building out since its “opportunistic” acquisition of JLT’s aviation unit in 2019.

Analysts react positively to Aon-WTW-Gallagher deal

Equity analysts have raised share price targets for Aon and provided broadly positive feedback on the $3.57bn Willis Towers Watson (WTW) divestments transaction with Arthur J Gallagher, describing it as making sense for all parties concerned as the overarching Aon-WTW deal takes a significant step closer to the finish line.

Gallagher: WTW acquisitions will not impact tuck-in M&A strategy

Despite agreeing to pay $3.57bn to buy Willis Towers Watson divestments and raising $1.34bn to fund it, Arthur J Gallagher’s management has stressed that its tuck-in mergers and acquisitions strategy will not be slowed down by the transaction.

Regulators may still require further asset sales as price for Aon-WTW deal approval

An SEC filing by Arthur J Gallagher today reveals that the firm may be required to purchase additional operations of Willis Towers Watson or Aon if it is necessary for securing regulatory clearance relating to the Aon-WTW transaction.

Willis Re – the other transformational deal of the decade…

The worst kept industry secret was confirmed today with Arthur J Gallagher’s agreement to buy Willis Re in a move that ends more than a year of uncertainty at the reinsurance broker and narrows the gap to the big two of Aon and Guy Carpenter, while also paving the way for Greg Case to complete his own landmark WTW takeover.

Pat Gallagher: reinsurance is the “jewel of transaction” in WTW acquisition

Gallagher has labelled its acquisition of Willis Towers Watson’s (WTW) reinsurance business as the “jewel of the transaction” as the deal propels the intermediary to becoming one of the top three reinsurance brokers.

Gallagher pays discounted 10x value for WTW’s $1.3bn divestments

Arthur J Gallagher has confirmed it will pay 10x estimated Ebitdac of $357mn to buy the package of divested assets from Willis Towers Watson (WTW) in a transformative deal that it says will add around $1.3bn of revenues and accelerate its global and specialty offerings.

Gallagher to pay $3.57bn for Aon-WTW divestments

Arthur J Gallagher will pay $3.57bn to acquire Willis Re, parts of Willis Towers Watson’s Corporate Risk & Broking business in Europe and the US and some health/benefits operations being sold to satisfy European Commission antitrust regulators, in what is being seen as a decisive step towards closing the Aon-WTW transaction.

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