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KBW predicts Aon could reap more than the stated $800mn synergies from the deal.

Aon’s acquisition of Willis is geared to deliver growth through innovation, as it downplayed scale and financial benefits.

Combined reinsurance revenues would reach $2.3bn, outstripping Guy Carpenter.

The acquirer will pay a 16.2 percent premium, with Willis chief Haley becoming executive chairman at the combined $80bn broker.

A second takeover run by Greg Case’s broker would come as the target contemplates its CEO succession.

The takeover could win Aon business that was lost after MMC’s purchase of JLT and cut Willis’ expenses.

Goldman Sachs has been retained by the global broker to advise on the divestiture.

The broker has made six global aviation hires as the battle for staff in the market continues.

Brokers fired on all cylinders as the group outpaced historical averages on all key performance metrics, largely driven by P&C operations, but the sailing has not been equally smooth for everyone.

Good enough news on the top line was more than offset by weak cash generation and signs of slowing margin expansion.

The recruitment timetable is designed to allow for an “orderly transition”.

In total, 184 InsurTechs have failed over the last three years.