Risk for insurance brokers from U.K. probe

|By:, SA News Editor

Aon (AON -1.3%), Marsh & McLennan (MMC -1.5%), and Willis Towers Watson (WLTW -1.3%) have stumbled a bit on news of a U.K. antitrust probe into aviation insurance, but they've yet to fully price in the risks, says Credit Suisse's Ryan Tunis.

While the maximum fine would likely amount to less than 1% of EPS, the investigation could open the door to other probes, he says, including one in the U.S.

Source: Bloomberg