The deal aims to strengthen WTW’s position in the US middle market.
Concerns over NHS waiting times are fuelling record PMI admissions and reshaping insurers’ pricing, products, and growth strategies.
The ACCC found that the transaction could result in a “substantial lessening of competition” for motor and home insurance in the region.
The company’s Ambition 2030 strategy sets a total payout ratio greater than 80% per year and a targeted solvency ratio above 200%.
The partnership was formalised through an MoU.
