Most pension insurers have yet to sign up to a code that requires them to take a more assertive line on investments that cause environmental harm, a consultancy said, warning that the British sector was "behind the curve" on climate stewardship.
State pension - More than 100,000 people could be owed up to £60,000 after error leicestermercury.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leicestermercury.co.uk Daily Mail and Mail on Sunday newspapers.
Consultants launch net-zero initiative, asset owners group expands pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
(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.
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