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Singapore Seeks Public Comment on Competition Issues With Aon-Willis Towers Watson Merger
Spokespeople for both WTW and Aon declined to comment. The commission is inviting public feedback on the proposed merger until April 16, it said in a statement. The proposed ...
Source: BestWire   Date: April 12, 2021
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Gallagher Re Names Head of Legacy
Rothseid joins Gallagher Re from RunOff Re.Solve LLC, where he was principal and owner for the past 13 years of this specialist provider. The firm offered turnaround, ...
Source: BestWire   Date: March 9, 2021
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Australian Regulator Raises Concerns Over Aon-Willis Towers Watson Merger
... New Zealand Commerce Commission. In their response, the brokers said clients are not concerned due to the presence of other brokers in the New Zealand market. Aon plc is the ...
Source: BestWire   Date: February 18, 2021
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Citing Lack of Timely Information, European Commission Suspends Aon-Willis Towers Watson Probe
Watson spokesperson declined to comment. An effort to reach Aon was not immediately successful. In December, the EC said it opened the probe into the proposed acquisition under the ...
Source: BestWire   Date: February 9, 2021
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Aon, Willis Towers Watson Seek to Ease Competition Concerns in New Zealand
New Zealand Commerce Commission. In their response, the brokers said clients are not concerned due to the presence of other brokers in the New Zealand market. "The parties do not ...
Source: BestWire   Date: February 1, 2021
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Dec. 21 Deadline Looms for European Commission Probe of Aon-Willis Tower Watson Merger Deal
Willis Towers Watson plc by Dec. 21. The European Commission filed a notice of review for the transaction in November under the EU Merger Regulation, an EC spokesperson said in an ...
Source: BestWire   Date: December 15, 2020
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Marsh Warns of ‘Litigation Funders’ Cost to Australia Directors & Officers Cover
Australia and the Australian economy," Marsh said in its submission. The broker said company directors in Australia "are now potentially exposed to liability under more than 600 ...
Source: BestWire   Date: June 17, 2020
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An Active Broker Market Remains Likely Even With Aon-Willis Towers Watson Merger
Fitzsimmons said Marsh & McLennan Cos., currently the largest global insurance broker, remains an option for insurers and clients. He noted MMC's acquisition strategy has itself ...
Source: BestWire   Date: March 12, 2020
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IASB Adopts Changes to Accounting Exposure Draft, Requires Quantitative CSM Data
The International Accounting Standards Board has adopted changes to the IFRS 17 exposure draft, finalizing requirements that insurance contracts must include quantitative ...
Source: BestWire   Date: February 28, 2020
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UK Broker Group Warns of ‘Severe Shortage’ of Construction, Building Safety PI Cover
Steve White, BIBA chief executive officer. "Our new research revealed a number of concerning statistics," White said. "We were perturbed but not surprised that it continued to show ...
Source: BestWire   Date: January 22, 2020
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Japan Post Insurance Announces Business Changes as CEO Steps Down
Japan Post Insurance Co. Ltd. will get a new chief executive officer as the insurer implements administrative changes in the wake of a life insurance mis-selling scandal. As of ...
Source: BestWire   Date: December 30, 2019
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IASB Adopts Changes to Accounting Exposure Draft, Delays Consideration of Extending Effective Date
Premium Allocation Approach." Willis Towers Watson earlier this year had called for improvements to the IASB's proposed amendments in several areas (Best's News Service, Sept. 30, ...
Source: BestWire   Date: December 13, 2019
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 Special Report: Roles in London Insurance Market Blur as Participants Seek to Add Value
Successful participants in the London insurance market will need to be flexible and innovative in the way they source risk and use capital.
 Data
Source: Special Reports   Date: November 7, 2019
Canada’s Proposed Reinsurance Rule Changes Raise Concerns
Canada and their policyholders." The GFIA said under the proposed rule, "OSFI is asking P&C insurers to be fully capitalized" against "extremely remote loss scenarios." According ...
Source: BestWire   Date: October 9, 2019
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Willis Towers Watson, Deloitte Recommend Changes to IFRS 17 Exposure Draft
Willis Towers Watson, in a statement. Guven said the IASB's proposed amendments "will cause additional work to implement, given that insurers have already spent considerable time ...
Source: BestWire   Date: September 30, 2019
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New Zealand to Ban Target-Based Sales Incentives in Insurance
The New Zealand government said it would introduce legislation to regulate the conduct of insurers and banks, including a ban on target-based sales incentives, to prevent financial ...
Source: BestWire   Date: September 25, 2019
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Hong Kong Regulator Launches Registry of Insurance Intermediaries
January 2020, said the regulator. (By Ernesto Calucag, Hong Kong news editor: Ernesto.Calucag@ambest.com)
Source: BestWire   Date: September 23, 2019
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New Zealand Regulators ‘Disappointed’ With Life Insurers’ Response on Conduct and Culture Review
Governor Adrian Orr said in a statement. On issues with sales and incentives, although some insurers have committed to removing sales incentives for employees and their managers, ...
Source: BestWire   Date: September 17, 2019
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Hong Kong Regulator Publishes Consultation Conclusion Related to Agent/Broker Codes Of Conduct
January 2020, said the regulator. In November 2018, the Hong Kong regulator launched its consultation on rules for a new regulatory regime for insurance intermediaries as part of ...
Source: BestWire   Date: September 4, 2019
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Hong Kong Insurance and Banking Regulators Sign Memorandum of Understanding
Clement Cheung, chief executive officer of the IA. Recently, the IA has published consultation conclusions related to the guideline on pecuniary penalties for licensed insurance ...
Source: BestWire   Date: July 22, 2019
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