WTW

The survey finds rate rises were most pronounced for excess liability and D&O business.

Willis Re executives said Aon takeover was "was not good for clients".

EU antitrust regulators will warn Aon that its $30bn bid to acquire Willis Towers Watson may hurt competition in the broking marketplace, according to a Reuters report. 

The spread is currently the second-largest among pending M&A, with a target firm value of at least $5bn.

United Airlines’ all-risks policy could face liability claims, while the Pratt & Whitney policy could see a partial grounding claim.

The payment last month brings to end 15 lawsuits against the broker over the collapse of the financial group in 2009.

The merger may cause price increases or reduced service levels for major insurance buyers.

Event definitions were also tightened at renewals, the broker said.

Sources have emphasised that such pauses are a routine part of the Phase II review process.

Margins expanded in three of four business units, including by 200 bps in corporate risk and broking, but contracted by 37 bps overall.

Michael Burwell, Gene Wickes, Carl Hess and Joseph Gunn will each receive a payment for staying with the business until the deal closes.

Executives reiterate the mid-single expansion guidance announced in March, despite growing organically by 1% in 2020.