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Aon, seeking EU nod on $30 billion Willis bid, offers to sell assets

Aon has proposed the sale of businesses in France, Germany, the Netherlands and Spain, including financial and professional lines and aerospace and cyber activities, the person said.

The package of concessions also includes corporate risk- broking activities in some other countries while a potential buyer examines those assets, the person said.

7% growth in global reinsurance capital in 2020, combined ratios improve: Willis Re

James Kent, Global CEO, Willis Re, said: “Such a solid development of the global reinsurance industry’s capital base would hardly have been expected earlier last year, as the COVID-19 pandemic was gathering pace.  Willis Re’s analysis provides clear evidence of the strength and resilience of reinsurance market capacity.  Reinsurers and insurers alike must contend with the challenges of low interest rates.  But, looking through the turbulence of COVID-19 and nat cat claims, and a declining reliance on reserve releases, there is a clear improving trend in underwriting profitability.”

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