M&A

The move follows Willis’ explorations of sales of Willis Re and European units.

Fallout from the 2019 JLT Re integration intensifies after a group including Brad Maltese were earlier reported to be set to join Howden.

It is understood that the ~$300mn fac business will be packaged along with the treaty unit.

The market has reached the stage of price hardening at which clients will challenge brokers and carriers on continuing increases, according to Aon president Eric Andersen. 

The erstwhile suitor cites falling valuations for residential property technology companies.

The $7.5bn bid requires more certainty of value and a higher cash consideration, according to CoreLogic's CEO.

EU antitrust regulators will warn Aon that its $30bn bid to acquire Willis Towers Watson may hurt competition in the broking marketplace, according to a Reuters report. 

The merger may cause price increases or reduced service levels for major insurance buyers.

The two PE firms each take a 30% stake in the business, alongside Arch management.

Executives reiterate the mid-single expansion guidance announced in March, despite growing organically by 1% in 2020.

The modeller had reportedly been the subject of an $86-per-share bid from real estate analytics firm CoStar prior to its $80 deal.

Gebauer, Kent, Pullum and Garrard are among the Willis execs named to big jobs.