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Sale of Willis Re Still Possible After Collapse of Aon Merger, Gallagher Deal

Sale of Willis Re Still Possible After Collapse of Aon Merger, Gallagher Deal Insurance broker Willis Towers Watson PLC said on Tuesday it is weighing strategic alternatives for its reinsurance unit, Willis Re, days after a planned sale to rival Arthur J. Gallagher fell through. Willis and broker Aon PLC had planned to merge to create the world’s largest insurance broker, topping current leader Marsh & McLennan Companies Inc. As part of the merger, European regulators demanded the sale of Willis Re to preserve competition, and Gallagher had agreed to buy it and other assets for about $3.6 billion. Opposition from the U.S. Department of Justice, however, caused Aon and Willis Towers Watson to walk away from the merger last week, which scotched the concession sales.

Willis Towers mulls sale of reinsurance unit after halting merger

(Corrects final paragraph to clarify that Aon was the proposed seller, not Willis Towers Watson.) NEW YORK (Reuters) - Insurance broker Willis Towers Watson PLC said on Tuesday it is weighing strategic alternatives for its reinsurance unit, Willis Re, days after a planned sale to rival Arthur J. Gallagher fell through. Willis and broker Aon PLC had planned to merge to create the world’s largest insurance broker, topping current leader Marsh & McLennan Companies Inc. As part of the merger, European regulators demanded the sale of Willis Re to preserve competition, and Gallagher had agreed to buy it and other assets for about $3.6 billion.

Homeowner Insurtech Hippo to Go Public Today As Real Estate Market Remains Hot

Homeowner Insurtech Hippo to Go Public Today As Real Estate Market Remains Hot
insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.

Hippo CEO hopes listing will fuel better insurance coverage for homeowners

Hippo CEO hopes listing will fuel better insurance coverage for homeowners
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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