R.J. Lehmann on global insurance broking
S&P Global Market Intelligence – ICLE Editor-in-Chief R.J. Lehmann was quoted by S&P Global Market Intelligence on the U.S. Department of Justice’s challenge of the pending merger between insurance brokers Aon and Willis Towers Watson. The full story is available here.
Ray Lehmann, executive editor and senior fellow at the International Center for Law and Economics, said the insurance industry needs to innovate to fill the gaps in insurance coverage globally, which requires “some firms with scale and expertise across a broad range of industries and geographies.”
Lehmann said the deal should play out, and if it proved to create “a genuine antitrust concern, a genuine restraint of competition,” then the government could get involved with a remedy.