Aon
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The move comes as Lockton continues an expansion into new areas of the reinsurance market.
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The start-up has filed a countersuit against the brokerage giant after it accused founders of trade secrets misappropriation.
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Twisters included those that struck Nashville and Jonesboro last month.
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Stocks of major brokers surged, outpacing the broader market.
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He was previously a treaty reinsurance managing director at Aon.
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The stock price movements of Aon and Willis Towers Watson since their mega-merger was announced suggests investors are proceeding with caution ahead of possible shareholder and regulatory opposition.
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The arrangement would put former Aon Benfield CEO Andersen at the heart of the largest corporate tie-up so far in 2020.
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Battle for talent sparked off by MMC-JLT deal is likely to intensify.
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The deal has both sound financial and strategic rationale. But is it a fair deal? Not exactly.
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Near zero long term rates and the “amazonification” of distribution to take the market into unknown territory.
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The ratings agency says the purchase slots comfortably into Aon’s leverage profile.
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KBW predicts Aon could reap more than the stated $800mn synergies from the deal.
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