WTW

The Competition and Consumer Commission of Singapore launches a public consultation over the proposed merger deal.

The broker says clients in the sector are using local investment as a key tool to mitigate supply chain risk.

This week, we revealed that Aon/Willis Towers Watson are looking to separately divest a block of Willis' European businesses and Willis Re, as they work to get their mega merger approved by regulators in the face of competition concerns.

It is understood that the ~$300mn fac business will be packaged along with the treaty unit.

The largest of the businesses, Gras Savoye, has been seen as one of the jewels in the crown at Willis.

Both Bart and Matte join as directors, with the former arriving from Milliman and the latter joining from Promutuel Insurance.

The potential disposal may help to alleviate competition concerns within the French market.

The Aon president said insureds will begin to “test” carriers and brokers on price.

He launched the broker’s transactional risk unit in Chicago and previously led two MGAs in the space.

As yet, the European Commission (EC) has not produced a formal State of Objections to Aon's proposed takeover of Willis Towers Watson following the Phase II competition probe it began in December.

According to the Capitol Form, antitrust regulators will consider the deal's impact on the world’s fourth largest insurance broker AJ Gallagher

Surprisingly, beyond the InsurTech names, changes in short interest were somewhat muted for the broader P&C sector.