Decision Nº M/04/045 from Competition and Consumer Protection Commission, 2004-09-03

CourtCompetition and Consumer Protection Commission (Ire)
PartiesWillis Group Holdings Limited,Coyle Hamilton Holdings Limited
Decision Date03 September 2004
Date03 September 2004
StatusPreliminary investigation (Phase 1)
Decision NumberM/04/045
1
Determination No. M/04/045 of the Competition Authority, dated 3rd September
Notification No. M/04/045 – Acquisition by Willis Group Holdings Limited of
Coyle Hamilton Holdings Limited
Introduction
1. On 4th August 2004 the Competition Authority, in accordance with Section 18 (1)
of the Competition Act, 2002 (“the Act”) was notified, on a mandatory basis, of a
proposal whereby Willis Group Holdings Limited (“Willis”) would acquire
51.7% of Coyle Hamilton Holdings Limited (“Coyle Hamilton”). Pursuant to the
agreement between the parties, Willis will subsequently acquire the remaining
48.3% of Coyle Hamilton’s issued share capital.
The Parties
2. Willis is one of the world’s leading risk management and insurance
intermediaries. In the State, Willis carries on business through Willis Insurance
Services (Ireland) Limited (“Willis Insurance”) and Willis Risk Management
(Ireland) Limited (“Willis Risk Management”). Willis Insurance provides
insurance broking and consultancy services. Willis Risk Management provides
risk management and safety consultancy advice.
3. Coyle Hamilton is incorporated in Ireland and provides non-life insurance
broking in the insurance segments comprising motor insurance, property
insurance, liability insurance (including employer’s, public, products and
professional) and other insurance (including personal accident insurance, travel
insurance, accident and sickness insurance, marine transit insurance, credit
insurance, miscellaneous financial loss insurance). In addition, Coyle Hamilton
provides related risk assessment consultancy services, provided through one of its
subsidiaries Loss Control Services Limited, which trades as “Nifast”. It also
offers re-insurance distribution services and life assurance and pension
distribution services.
Analysis
4. The parties’ activities overlap in the provision of non-life insurance broking, re-
insurance distribution, risk management consultancy services and life assurance
and pension distribution. For each of these activities the parties combined shares
vary but do not exceed [10-20%]. For each activity there is sufficient
competitive constraints on the merged entity. For non-life insurance distribution
the principal competitors include AON and Marsh. In addition there are a
number of other providers who offer some or all aspects of non-life insurance
broking including Wright’s, AA Insurance Services, Culletons, McCarthy’s, JTL
and Frank Glennon. In addition there are hundreds of other brokers and a

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