Investors shrug off Arthur J. Gallagher deal for Willis Re; Root's shares slide

The two brokerage giants fulfilled an affinity developed when Willis Re was promised in sale to Gallagher as part of Willis Towers Watson's ill-fated merger with Aon PLC, Gallagher executives said during a conference call to discuss the Willis Re deal. Willis should fare better in the markets i...

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Bibliographic Details
Published inThe SNL Insurance Daily
Main Author Trice, Calvin
Format Trade Publication Article
LanguageEnglish
Published Charlottesville SNL Financial LC 16.08.2021
Subjects
Costs
COVID-19
Direct marketing
Investments
Losses
Pandemics
Trends
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Summary:The two brokerage giants fulfilled an affinity developed when Willis Re was promised in sale to Gallagher as part of Willis Towers Watson's ill-fated merger with Aon PLC, Gallagher executives said during a conference call to discuss the Willis Re deal. Willis should fare better in the markets in part given the company's debt position vis-à-vis available cash, Wells Fargo analyst Elyse Greenspan said in a research note to clients following disclosure of the agreement. In managed care, Oscar Health Inc.'s share price fell after the company reported a deepened year-over-year quarterly loss along with an elevated medical loss ratio.
ISSN:1090-4204