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...“The challenges are real,” said Aon chief executive Greg Case, in an interview with the Financial Times....
...Speaking in Bermuda on Thursday at the PwC Insurance Summit, held in association with the Financial Times, Aon president Eric Andersen said the insurance industry needed to be “more aggressive” in absorbing...
...Michael Van Slooten, head of business intelligence in global insurance brokerage Aon’s reinsurance division, said there was “clearly more appetite [from reinsurers] out there”, adding: “[But] it’s still...
...Aon has tried big deals in recent years, but some efforts were thwarted by antitrust regulators. In 2020, Aon attempted to buy Willis Towers Watson in a $30bn takeover....
...Smart read The chief executive of Aon, one of the world’s biggest insurance brokers, warns that better climate risk modelling is needed for insurers to keep providing coverage to households in regions vulnerable...
...Calum Mackenzie, investment partner with Aon, the pension consultants, added, “I think this is part of a longer-term trend by pension funds to [cut risk] by selling off the less liquid assets . . ....
...Julie Page, UK chief executive at professional services group Aon, said such comments undermined efforts “to drive gender diversity and attract female talent into the financial sector”....
...The DoJ complaint quoted a senior Aon broker saying that the company is part of “an oligopoly which not everyone understands”....
...This helped swell their top lines: Marsh reported $17bn in revenue last year, while Aon reported $11bn and Willis recorded $9bn....
...The $1bn break fee plus about $350m to $400m in additional termination costs would be recognised in the third quarter, Aon said on Friday....
...Aon will now pay a $1bn “reverse” termination fee to Willis....
...Aon’s share price could help in that regard....
...The announcement came as Aon, Willis and the DoJ had prepared for a showdown in the US courts. A judge had decided the trial would start in November, two months later than Aon and Willis had wanted....
...Both Aon and Willis have tax-efficient headquarters in Ireland and a combined top line of $20bn....
...Aon has also offered to sell its German retirement consulting and investment solutions businesses to a “suitable purchaser”....
...LDI strategies have been a great societal good for UK plc and the economy.” Although the BoE’s intervention calmed the market, it did not end pension schemes’ dash for cash....
...Aon also agreed earlier this month to sell its US retirement business to New York-based Aquiline Capital Partners and its Aon Retiree Health Exchange operation to Alight — deals Aon said were “intended to...
...Aon’s were down just over 1 per cent, while Willis’s had fallen 0.7 per cent....
...It is a “once in a generation opportunity” and would accelerate Aon’s strategy by a decade, Mr Case argued. Aon has pencilled in $800m of cost savings from the deal....
...Mr Manduca has also served as chair of Aon UK and the JPM European Smaller Companies investment trust, and on the board of Wm Morrison Supermarkets....
...The deal comes nearly a year after Aon abandoned plans to bid for Willis....
...Mr Case and Christa Davies, Aon’s chief financial officer, will retain their positions. Aon was advised by Credit Suisse, while Willis Towers Watson was advised by Goldman Sachs....
...Early next year, Aon will complete its acquisition of Willis Towers Watson, making it the number one broker in the industry ahead of MMC, which bolstered its own position last year with the acquisition of...
...“I wish I’d invented Snoopy,” he told a webcast organised by insurance broker Aon this week. “My great ambition as a kid was to see if I could spend the rest of my life drawing Snoopy.”...
...Aon says the deal will give it access to the global digital insurance market for small and medium-sized businesses, which offers rewards of $200bn for premiums per year....
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