Regulation

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.

ILS investors now have a tax-neutral way of accessing the London market – but capacity will still be strictly controlled.

Founding CIRCA members include Greenlight Re and Barents Re, as well as Knighthead and Nassau Re, whose senior executives take chair and vice chair roles.

The Bermuda body details options for insurance providers in hybrid fund/transformer vehicles.

The Lloyd’s CEO said it was not for business to set the tone on climate, as the Corporation laid out its first ESG report.

The investment is thought to be the $81bn fund’s first ILS allocation.

New law would end the country’s long-term cat bond programme and cast doubt on the fund’s on-risk cat bond.

“Pass-through” tax status would help SPIs issue US-based ILS, Joanna Syroka said.

The firm’s fourth annual issuance brings the total volume of cat bond lite deals this year to $250.54mn.

The stop-gap measure must now be passed by lawmakers in the Senate.

The move follows a complaint and an investigation showing the firm had breached Bermudian law.