R.J. Lehmann on innovation in insurance broking

PropertyCasualty360 – ICLE Editor-in-Chief R.J. Lehmann was quoted by PropertyCasualty360 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 (behind a subscriber firewall) here.

In a statement to PropertyCasualty360.com, R.J. Lehmann, executive editor and senior fellow at the International Center for Law & Economics, said: “The COVID-19 pandemic and the continued need for more robust cyber insurance products both demonstrate how much the commercial insurance industry has been falling behind in providing new products to meet clients’ emerging risk management needs. Competition regulators should tread carefully before interfering in a deal that could help produce exactly that sort of innovation, by creating a major global firm with unparalleled scale and expertise across a broad range of industries and geographies.”