WTW
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The broker says the solvency and capital impacts of the Covid-19 rout have eased.
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Rate growth in the sector stands at 20 percent and in some cases even higher.
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Stocks of major brokers surged, outpacing the broader market.
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The move is part of wider plans at the reinsurance broker to build out the unit.
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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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David Boyle, Ed Louth, Paul Baker and Neil Black will join the broker’s global aerospace team.
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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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The new one-year delay follows industry lobbying.
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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.