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...According to Willis Towers Watson, UK funds devote 40 per cent of their equity allocation to their home market, while the Americans commit 58 per cent....
...Regulating investment consultants like Willis Towers Watson, Mercer and Aon would not have prevented the liability-driven investing crisis....
...This helped swell their top lines: Marsh reported $17bn in revenue last year, while Aon reported $11bn and Willis recorded $9bn....
...The DoJ had offered a starkly different picture, claiming that the big three brokers — Aon, Willis and Marsh McLennan — dominate broking for the largest companies due to their global span and expertise....
...That has encouraged a “huge shift” from companies towards strengthening their defences, Marsh’s Stephens says....
...Marsh McLennan is the other juggernaut. According to the complaint, an Aon executive told colleagues: “we operate in an oligopoly which not everyone understands.”...
...At its quarterly results last week, Marsh McLennan, the world’s largest insurance broker, said it was benefiting from staff defections from its two key rivals because of the “distraction and uncertainty”...
...The top-four brokers by revenue for the past 10 years have been Marsh McLennan, Aon, Willis Towers Watson and Gallagher, with minor changes in the order....
...In its complaint, the DoJ said that together with Marsh McLennan, Aon and Willis make up a trio that “dominate competition for insurance broking for the largest companies in the United States, almost all...
...The regulatory logic would suggest that if Aon could not buy Willis, Marsh would be similarly prevented....
...That is ahead of the 4 per cent rise in the S&P 500, but behind the share price growth at rival insurance brokers Aon and Willis Towers Watson, according to data from S&P Global Market Intelligence....
...Together with Marsh McLennan, Aon and Willis dominate insurance broking for large companies in the US....
...Together with Marsh McLennan, Aon and Willis make up a trio that “dominate competition for insurance broking for the largest companies in the United States,” the DoJ said. 3....
...This deep dive by the FT’s Ian Smith shows that Marsh played other roles, too....
...Insurers including CNA Hardy and Pioneer have ceased writing renewable energy business and begun to run off their accounts, according to a survey by Willis Towers Watson, a broker....
...Key reports Monday Canadian National Railway; Tesla; Pearson Tuesday 3M; Advanced Micro Devices; Alphabet; Amgen; BP; Centene; Ecolab; Eli Lilly; Fiserv; General Electric; HSBC; Illumina; Marsh & McLennan...
...The all-share transaction combines the industry’s number two and three, catapulting the new group above current market leader Marsh & McLennan....
...Based on Friday’s closing price, Aon was offering a 16 per cent premium for Willis, or about half the premium that Marsh paid to acquire Jardine....
...Andrew Harrison-Sleap, head of the construction professional indemnity business at insurance broker Marsh JLT Specialty, said the publicity around Grenfell was putting insurers off....
...It comes a year after Marsh & McLennan completed the acquisition of Jardine Lloyd Thompson in a £4.3bn tie-up. Aon considered a bid for Willis Towers Watson last year, but dropped the idea last March....
...Mr Aubert at Willis Towers Watson says insurers may not be very flexible at the moment....
...Little wonder about $13bn of new capital has been raised in recent months, according to broker Willis Re....
...Reinsurance broker Willis Re estimates a total of $13bn has already been drummed up. Australia’s QBE was one of the first out of the blocks, securing $750m in April....
...“Clients are asking about the extent of their cover,” said Clarissa Franks of insurance broker Marsh. “Clients with manufacturing in the key regions of China will be affected.”...
...Mr McGill said his new brokerage will focus on complex insurance policies for large clients, competing with big rivals such as Marsh & McLennan, Aon and Willis Towers Watson which have expanded to offer...
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