Stakeholders who own millions of shares in Towers Watson & Co. are planning to vote against the firms $8.7 billion merger with Willis Group Holdings Plc if the terms of the transactions are not improved.

The waiting list for an insurer to get a spot on the underwriting floor of Lloyds of London is the longest in its 327-year history, indicating record demand for access to the market.

Lloyds of London Chairman John Nelson criticized the business community, saying companies are too focused on profit and are at risk of eroding the trust of the public and regulators.

RSA Insurance Group Plc Chief Executive Officer Stephen Hester said the company will attract bids from other suitors after Zurich Insurance Group AG abandoned its $8.7 billion offer for the British insurer.

The worlds largest reinsurers and brokers see little relief in pricing in 2016 amid a relentless influx of alternative capital from pension funds and one of the past decades quietest years for catastrophe losses.

MS&AD Insurance Group Holdings Inc. agreed to buy Lloyds of London insurer Amlin Plc for about $5.3 billion in its biggest acquisition, joining an overseas deal spree by Japanese peers.

RSA Insurance Group Plc rose in London trading after Switzerlands Zurich Insurance Group AG proposed to buy the company for about 5.6 billion pounds ($8.8 billion).

With Zurich Insurance Group AG on the verge of pursuing its biggest acquisition in more than a decade, Europe is poised to add to the consolidation that is sweeping the industry globally.