Willis, the worlds third-largest insurance broker, and risk adviser Towers Watson agreed to an all-stock merger creating a firm with a combined market value of $18 billion.
Willis, the worlds third-largest insurance broker, and risk adviser Towers Watson agreed to an all-stock merger creating a firm with a combined market value of $18 billion.
Hastings Insurance Group increased its customer base by 20% in 2014, boosting profitability and setting the U.K. car insurer on track for a potential initial public offering this year.
Direct Line Insurance Group shares set a record in London as the U.K. home and car insurer returned more cash to investors and said it will reduce costs in 2015.
Beazley is targeting 5% growth for 2015 as the specialty insurer and reinsurer looks to its U.S. unit to help offset falling prices for coverage at its Lloyds of London business.
Private-equity investors are expected to buy European insurance assets in 2015 as more companies sell non-essential businesses, according to a Towers Watson report.