3 Things – AON / WTW Over, Strong Earnings & Insurtech Report – 7/30/2021

Hi All!  Hope summer is in full swing and people are enjoying vacations and their families.  This week we are following the end of a merger, latest earnings and insurtech news.  Here are the three things we learned this week:


US Justice Puts End to AON / WTW Merger

Though the merger had been facing headwinds for months due to anti-trust concerns from regulators it still came as a surprise end this week.  The US Justice Dept lawsuit was the ultimate end.  Where will we see the M&A trend in insurance go from here?  It is hard to envision that a major tie up of carriers would receive the same fate but with the current trend of consolidation and the current administration looking concerned about competition you never know.


Strong Earnings Continue

A flurry of earnings reports this week from ChubbThe HartfordArch and Everest Re Group.  Common themes are that insurers have mostly bounced back from COVID 2020, rates increases have led to strong profitability especially in commercial lines and if the winds don’t blow 2021 should be a big year for many of these carriers.  There is still a long way to go in the season and Q3 & Q4 could see carriers lose ground if there are major events.


Willis Q2 Insurtech Report

The Willis insurtech quarterly report is always a good read.  This quarter once again saw record funding for insurtech investment over $7.3 billion, this on less deal volume meaning bigger investments of mid and later stage.  The public insurtechs lagged behind the performance of the S&P 500.  There is also quite of bit of insight on how things have changed as we return to normal.

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