Operations/tech
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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.
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The acquirer will pay a 16.2 percent premium, with Willis chief Haley becoming executive chairman at the combined $80bn broker.
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A second takeover run by Greg Case’s broker would come as the target contemplates its CEO succession.
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The strategy includes contingency plans for e-trading if the virus forces the Lloyd’s building to be shut down.
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Hannover Re takes a key role alongside leader Munich Re in the world’s largest terrorism retrocession placement.
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The deal comes as renewable energy rates continue to harden.
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The veteran investment banker will join the board in April and become chairman when Walter Kielholz retires next year.
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The appointment positions the outgoing Lloyd's executive as a likely successor to Zaffino as GI head.
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The main operating subsidiary of Maiden Holdings will “redomesticate” from Bermuda by mid-March.
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The outgoing chairman will be replaced by the former banker, who has been Axis’ lead independent director since 2012.
