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International

Aon-WTW deal still to clear regulatory hurdles

19 April 2021

Aon’s proposed US$30 billion merger with Willis Towers Watson is still awaiting regulatory clearances as the European Commission considers commitments lodged this month to address competition concerns, while authorities in other countries are also completing reviews...

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UK insurer BI claim settlements top $600 million

19 April 2021

UK insurers have paid out £352.1 million in business interruption claim final settlements following the test case judgment earlier this year, the Financial Conduct Authority says...

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Lloyd’s plans underwriting room revamp

19 April 2021

Lloyd’s has outlined plans for a “once-in-a-generation” revamp of its underwriting room, building on technology changes and insights driven by the COVID-19 pandemic...

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Aon pioneers vaccine transport cover using supply-chain sensors

19 April 2021

Aon has collaborated with a group of leading insurers and technology experts to underwrite COVID-19 cargo insurance risk with the help of sensors to track sensitive vaccine shipments as they make their journey from “factory to syringe”...

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Cat insurance claim value hits record in UK

19 April 2021

The value of cat insurance claims rose 10% to an all-time high of £148 million in the UK last year as a record 1.06 million cat owners secured pet insurance...

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