Weekly News Round Up – 18th June

There’s another spanner in the works as the US Justice Department has commenced proceedings to block the mega-merger between Aon and WTW. And whilst we are on the subject of M&A, check out what Travelers has to say about SPACs and the challenges insurers face in providing cover. If you are wanting to find out the latest developments in travel insurance then look no further…Chubb have launched a pay-as-you-roam product, which will no doubt appeal to travellers navigating the world during the pandemic!

US Justice Department files suit to block Aon’s purchase of WTW (Source: Insurance Journal)
It was always going to be a long acquisition process but this lawsuit isn’t going to make things any easier in this much anticipated deal.

Travelers discusses the rise in interest for SPACs (Source: Insurance Business Magazine)
The SPAC phenomenon has exploded but due to a changing regulatory environment and other notable risks regarding claims and litigation, Travelers highlights why they don’t have the appetite.

Insurance telematics: past, present and future (Source: Digital Insurance)
The use of telematics in personal auto lines has provided nearly two thirds of insurers with a positive ROI.

Skyline Partners launch parametric active assailant product with Aegis (Source: Skyline Partners)
One of our very own MGAs ha recently released a product for the US market which offers insureds protection against economic losses due to defined shooting and violent events in the US.

Chubb launches pay-as-you-roam travel insurance (Source: Insurtech Insights)
Customers will have travel insurance automatically activated when the insurer detects they are out of their home country via mobile phone roaming data.

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