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Flipkart fined Rs1.06 cr for flouting IRDAI norms
Flipkart Internet Pvt Ltd ( FIPL) is a registered corporate agent...
FinMin to implement ‘One State-One RRB’ soon to achieve better efficiency
As of 31 March 2024, 43 RRBs are operating through a network of...
Gallagher to acquire Willis Towers Watson plc Treaty Reinsurance Brokerage operations
Willis Re’s treaty reinsurance business operates in 24 countries, places over $10 billion of premium annually and represents over 750 insurance and reinsurance company clients.
Willis Towers mulls sale of reinsurance unit after halting merger
Reports this week suggested Gallagher was close to clinching a deal for Willis Re, but Willis Towers Watson Chief Executive Officer John Haley said he is considering wider possibilities.
“We’re conducting a review of strategic alternatives for Willis Re,” Haley told a conference call on Tuesday reporting on second-quarter results. While the timing was “appropriate” given the failed merger, he warned that a sale was not assured.
Aon’s looking at up to $1.4 bln in costs over scrapped Willis deal
The extra costs, which would range between $350 million and $400 million, could be incurred in the third quarter, Aon Chief Financial Officer Christa Davies said on a post-earnings call with analysts.
Howden appoins a head in newly created Entertainment practice
Connell joins Howden from EC3 Brokers where he was Head of Contingency and Entertainment, a role he has held for the past four years. In his new role, he will be responsible for developing and delivering creative solutions for clients in the entertainment sector, enabling them to navigate the continued insurance and risk management related challenges posed by Covid-19
Howden acquires Italian independent broker
Establishing operations in Italy adds a further market to Howden’s growing European platform, enabling them to deliver service to both local and multinational clients supported by the full weight of Howden’s specialty offering.
New Executive Committee to lead Aon forward
The Aon executive committee is now responsible for executing on the firm’s four-pronged Aon United Blueprint, which creates new sources of value for clients, delivers more effective client service, drives innovation at scale and ensures a unique and sustaining colleague experience.
Insurance brokers Aon and Willis drop $30 bn merger move, Aon to pay $1 billion termination fee to Willis
“Despite regulatory momentum around the world, including the recent approval of our combination by the European Commission, we reached an impasse with the U.S. Department of Justice,” said Aon CEO Greg Case.
Policybazzar to float Rs 6,500 crore IPO soon
Policybazaar recorded a loss of Rs 218 crore in FY20 against Rs 213 crore in the previous fiscal.
The firm recently received an insurance broking license from the Insurance Regulatory and Development Authority of India (IRDAI)
U.S. judge narrows focus of antitrust suit over $30 bln Aon-Willis merger
The DOJ had alleged that combining the two large insurance brokers would harm competition in reinsurance broking, retirement and pension planning and private retiree multicarrier healthcare exchanges. But the divestitures mean those no longer will be issues in the trial, according to the order
AXA XL appoints Sylvie Gleises as Country Manager, Singapore
Commenting, Xavier Veyry, CEO APAC & Europe at AXA XL, said: “Today’s businesses are faced with challenging economic conditions and evolving risks. The latest World Economic Forum Global Risks Report highlights extreme weather, climate action failure and human environmental damage as three of the top risks by likelihood. Clients need to look beyond current risks to ensure they are prepared for the risks of tomorrow, and there have never been more opportunities for AXA XL to partner with and make a difference to our clients and brokers.”