Willis Towers Watson
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The reinsurer is moving to expand its North American business.
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Aon president Eric Andersen and Willis Towers Watson human capital and benefits chief Julie Gebauer will lead the integration if the deal completes.
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But the merger will still create opportunities for rival brokers to claim market share. -
Having a $20bn-revenue organisation would create the ability to invest more heavily in new solutions, including tech.
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The combined company will retain the Aon name, with Willis CEO John Haley taking the chairman role.
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The broker said it was considering next steps for the wholesale arm to maximise its growth.
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The broker says natural catastrophe claims last year were 15 percent down on the average since 2011.
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Opportunities are likely to open up for blue-collar schemes as reinsurers participating in swaps seek to diversify, according to Willis Towers Watson.
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Simon Buxton left the Allianz-owned specialty insurer last year.
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Over the past year, Willis Re's index shows riskier deals and a hardening market have lifted average cat bond yields.
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Turner will be leading the £30bn Railpen pension scheme’s ILS allocation, which is managed by Credit Suisse ILS.
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Deal pricing mirrors that of Covea’s traditional reinsurance contracts, according to the broker.
