Brokers
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The Capitol Forum says EU competition chief Margrethe Vestager is on board with the remedies.
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Patrick Haraden joins the business from AJ Gallagher, where he was a regional president.
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The deal could be signed later this week or at the weekend, sources said.
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Laura Weiss joins the West Coast intermediary from Euler Hermes.
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Jordan Burbach, Daniel Denham and Andrew Szot join the intermediary.
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The transaction follows USI's acquisition of two regional agency businesses earlier this year.
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The intermediary has appointed Audrey Greening as chief broking officer for its national healthcare team and hired two senior producers.
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Aon’s Friday release concluded the first-quarter broker earnings season on a high note with the record-breaking profit and highest brokerage organic growth since 2003.
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The broker’s performance was driven by a growth acceleration in commercial risk solutions.
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After the strong organic growth from Marsh McLennan and Brown & Brown, Willis Towers Watson and AJ Gallagher followed suit with 5% growth in underlying brokerage revenues.
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The rapid execution of AJ Gallagher’s March 2019 deal to buy JLT’s aerospace broking arm “didn’t seem to sacrifice anything” in terms of due diligence or deal value process, Gallagher CEO Pat Gallagher told analysts today.
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Gallagher's brokerage business grew by 6%, while the company also said it closed 5 acquisitions in the quarter with $90mn in estimated annualized revenues.