Willis Group Holdings Plc, the third-largest insurance broker, agreed to better terms for Towers Watson & Co. shareholders in a proposed merger after the consulting firm’s investors said that a June agreement was inadequate. The one-time cash dividend will be …
Aon Benfield has appointed Russell Nevard as chief commercial officer of its Global ReSpecialty reinsurance division. He will join the business in April 2016. Based in London, Nevard will report to Robert Bisset, chief executive officer of Aon Benfield’s Global …
After plan design changes and vendor negotiations, the average health care rate increase for mid-size and large companies was 3.2 percent in 2015, marking the lowest rate increase since 1996, according to a new analysis by Aon. Aon projects average …
Institutional Shareholder Services’ recommendation that Towers Watson & Co. investors vote against the proposed merger with Willis Group Holdings Plc is legitimizing short-term shareholder activism, ValueAct Capital Management said. The report encourages “bumpitrage,” which is where shareholder activists purchase the …
Willis Group Holdings plc said it was “disappointed” that Institutional Shareholder Services last week recommended Tower Watson shareholders reject the proposed merger with Willis. “[W]e are disappointed with their conclusion that Towers Watson shareholders should not support the merger. We …
Towers Watson & Co. investors should reject a planned merger with insurance broker Willis Group Holdings Plc, proxy advisers Institutional Shareholder Services and Glass Lewis & Co. said. The consulting firm’s holders should seek improved merger terms, or “the better …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, is expanding its reinsurance and analytical capabilities in the state of Florida. Beginning January 2016, Aon Benfield will increase the number of reinsurance broking and analytics colleagues based …
Aon Benfield announced it has invested in an innovative catastrophe model to help marine and energy insurers more accurately assess their cargo risks. While there are plenty of catastrophe models in the non-marine sector, the marine and energy insurance industry …
Marsh & McLennan Cos., the largest insurance broker by market value, is seeking ways to cut tax obligations as rivals shift to Europe, where rates are lower. “The search for tax efficiency for us started several years ago,” Dan Glaser, …
Even as the Sony Corp. cyber attack laid bare the kinds of vulnerabilities that typically drive companies to buy insurance policies, the lack of a risk model for insurers means such protection is not always easy to get. Unlike earthquakes, …
