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The broking houses also said they "remain fully committed to the benefits of [their] proposed combination". -
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”.
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The US retirement disposals announced last week will be followed by two health unit sales as the parties seek regulatory sign-off.
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The new accounting framework is being brought in to replace current GAAP reporting measures.
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Trade bodies have warned that the proposals could “needlessly disrupt important markets”.
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The combination still needs sign-off from US, EC and other international authorities.
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The accounting change will delay the release of Metromile’s Q1 results, with the company’s finance team instead focusing on rewriting its 2020 results.
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