Willis Towers Watson

The Texas Windstorm Insurance Association (Twia) has recommend hiring Willis Re as broker and Aon to provide catastrophe modelling services, following a review of its arrangements which were previously with Guy Carpenter.

The Competition and Markets Authority will investigate whether the deal lessens competition in the UK.

Reinsurers retained more net income this year, driven by a desire to grow into the hardening market.

The Willis solution is designed to help companies access insurance as they transition to a low-carbon business model.

Proactive price action is enough to keep pace with inflation – for now.

He previously held roles at Tower Hill, Axis and Aon Benfield.

The non-compete will not apply to ILS advisory, as takeover deal brings Willis Re Securities and Horseshoe under same parent.

The broker has explained the rationale for its $3.25bn acquisition of Willis Re on an investor call.

After the collapse of the Aon-Willis merger, Gallagher has successfully resurrected the deal that will catapult its reinsurance operation into the big league.

He spent more than seven years as vice president of the firm’s capital markets and advisory division.

The Willis Towers Watson CEO also confirmed the broker will not pay out bonuses contingent on the Aon merger.

Sources have said a deal could be signed as soon as the middle of the week, with a valuation higher than the last agreement.