Aon is set to be hit with an EU antitrust warning over its $30 billion bid for Willis Towers Watson unless it offers concessions in the coming weeks, two people familiar with the matter said. The deal, announced a year ago, would create the world’s largest insurance broker, putting the merged entity ahead of world… Continue reading Aon’s $30B Willis Bid Faces EU Antitrust Warning: Sources
Tag: insurance M&A
Aon and Willis Towers Watson Establish ‘One Firm’ Vision, Name Executive Committee for Proposed Combination
Aon plc and Willis Towers Watson plc today announced the future leadership team for the firm that will be effective upon the completion of the proposed combination of Aon and Willis Towers Watson. Guided by a one firm mindset, the new leadership team will come together following the close of the combination to deliver new… Continue reading Aon and Willis Towers Watson Establish ‘One Firm’ Vision, Name Executive Committee for Proposed Combination
Rhodes Risk Advisors Acquires Independent Agency McEver & Tribble
Rhodes Risk Advisors, an Inc. 5000 independent insurance firm, announced it has acquired McEver & Tribble, an independent insurance agency also based in Atlanta. Combining the professional teams, risk management capabilities and insurance offerings of Rhodes and McEver & Tribble immediately expands the firm’s presence and middle-market growth in the southeast and nationally. The acquisition… Continue reading Rhodes Risk Advisors Acquires Independent Agency McEver & Tribble
Aon Confirms the European Commission Has Initiated a Phase II Review of Combination with Willis Towers Watson
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, confirmed today that the European Commission (EC) has initiated a Phase II review in connection with its combination with Willis Towers Watson Public Limited Company. The Phase II review is a common next step in the review… Continue reading Aon Confirms the European Commission Has Initiated a Phase II Review of Combination with Willis Towers Watson
Strong Insurance M&A Activity to Continue in 2021: PwC
Deal activity in the insurance sector slowed in the Spring of 2020, but came roaring back in the second half of the year. From the end of June to mid-November, there were 222 announced transactions, with $10.9 billion in announced deal value. Standouts included mega-deal announcements of KKR’s acquisition for Global Atlantic for $4.0 billion,… Continue reading Strong Insurance M&A Activity to Continue in 2021: PwC
Aon’s $30B Willis Towers Watson Deal Faces EU Probe
Aon’s $30 billion bid for Willis Towers to create the world’s largest insurance broker faces a full-scale investigation because of its complexity, two people familiar with the matter said. The companies, which are the second and third-largest brokers globally after leader Marsh & McLennan Companies Inc, are looking to the deal to boost their pricing… Continue reading Aon’s $30B Willis Towers Watson Deal Faces EU Probe
Zurich Insurance Acquires MetLife’s P&C Unit for Nearly $4 Billion
Zurich Insurance Group AG agreed to buy of MetLife Inc.’s U.S. property and casualty business in a $3.94 billion cash transaction, extending its reach in the world’s largest economy. Zurich’s subsidiary Farmers Group Inc. and Farmers Exchanges, which the insurer manages, will fund the purchase jointly, the Swiss company said in a statement on Friday.… Continue reading Zurich Insurance Acquires MetLife’s P&C Unit for Nearly $4 Billion
Zurich Insurance Nears $4 Billion Deal for MetLife Unit: Sources
Switzerland’s Zurich Insurance Group AG is in advanced talks to acquire MetLife Inc’s U.S. property and casualty (P&C) car and home insurance unit for close to $4 billion, according to people familiar with the matter. The deal, executed through its Farmers Group Inc subsidiary, would expand Zurich Insurance’s P&C business, as the industry grapples with… Continue reading Zurich Insurance Nears $4 Billion Deal for MetLife Unit: Sources
AssuredPartners Buys People’s United Insurance Agency
People’s United Bank, N.A. a subsidiary of People’s United Financial, Inc. today announced that it has entered into a definitive agreement to sell People’s United Insurance Agency (PUIA) to AssuredPartners. The transaction is expected to close in the fourth quarter of 2020, subject to customary closing conditions. PUIA is a full-service insurance brokerage and one… Continue reading AssuredPartners Buys People’s United Insurance Agency
Arthur J. Gallagher & Co. Acquires The Merriam Agency
Arthur J. Gallagher & Co. today announced the acquisition of Charles W. Merriam & Son, Inc., dba The Merriam Agency. Terms of the transaction were not disclosed. Founded in 1895, The Merriam Agency is a full-service insurance agency with offices in upstate N.Y. (including Schenectady) and Colorado Springs, Colo. The team offers a full range… Continue reading Arthur J. Gallagher & Co. Acquires The Merriam Agency