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With the DoJ’s suit creating question marks around closing, the junior merger partner’s standalone prospects must be weighed. -
The association said performance bonds and payment bonds would ensure projects are completed and suppliers compensated.
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As new regulations on climate risk disclosures are developed, insurance industry argues for a measured approach.
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The parties will likely look to deliver a carve-out of large P&C and health benefits broking in the US to target a DoJ settlement.
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Inside P&C gives a blow-by-blow account of the regulator's antitrust complaint against the mega deal.
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The broking houses also said they "remain fully committed to the benefits of [their] proposed combination".
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The move from the US regulator represents the biggest threat to the mega-merger since it was announced in March last year.
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A recent spate of divestiture offers have reportedly failed to address fears around corporate broking business.
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The California Insurance Working Group suggested the policy to cover areas with high wildfire risk.
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The new law limits insurer liabilities for attorney fee suits against insurers and reduces time limits for claims.
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The news follows the agreement to sell several assets to AJ Gallagher, including Willis Re.
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The APCIA’s support comes after it said in December that climate regulation should be “proportional and flexible” and “respect confidentiality”.
