All Willis Towers Watson articles
-
NewsEC set to issue statement of objections on Aon-WTW deal: Reports
A report by Reuters that the European Commission is set to warn Aon that its $30bn combination with Willis Towers Watson may negatively impact competition “unless concessions are offered in the coming weeks” relates to the potential issue of a so-called “statement of objections” which is a standard part of ...
-
News
NFP hires WTW’s Haas as Canada president
John Haas has joined NFP as Canada president while Joseph Beesack has been appointed a senior vice president for the broker, with the two recruits the latest to make the switch from Willis Towers Watson.
-
News
Guy Carp: Willis Re “talking out of both sides of its mouth” in LatAm hires dispute
Guy Carpenter and several recent hires to its Latin American group have asked a Florida circuit court to dissolve a temporary injunction granted to Willis Re, in a filing that alleges Willis Re’s arguments before the court are contradicted by statements made to regulators assessing the Aon-Willis merger.
-
Analysis
MMC commitment to de-levering and dividend should dispel unrealistic M&A rumour
As the Aon-Willis Towers Watson deal continues to grind through the regulatory approval process, there has been plenty of speculation about how the other member of the big three brokers will respond.
-
News
WTW pays $120mn to settle Stanford Financial Group litigation
Willis Towers Watson (WTW) has paid $120mn to settle litigation relating to its role as broker to Stanford Financial Group, whose founder Allen Stanford is in jail in connection with a $7.2bn Ponzi scheme.
-
News
NFP continues Canada recruitment drive with WTW’s Pira
NFP has continued its recent spate of hires in Canada with the addition of Imran Pira from Willis Towers Watson to lead its management and professional liability solutions offerings in the country, The Insurer can reveal.
-
News
Australian competition body latest to voice Aon-WTW concerns
The Australian Competition Consumer Commission (ACCC) has raised “preliminary competition concerns” over Aon’s planned acquisition of Willis Towers Watson (WTW) as the combination “will significantly lessen” the contest for broking services.
-
News
Willis Re names PartnerRe’s Büker as head of Lloyd’s capital
Willis Re has appointed former PartnerRe executive Michel Büker to the dual role of head of Lloyd’s capital at Willis Re Specialty and head of production, customised solutions for Europe, Middle East and Africa.
-
Analysis
Aon-Willis Re combined 2020 reinsurance revenues top ~$2.5bn
Although Q4 typically only accounts for around 10 percent of reinsurance broker annual revenue, strong organic growth from Aon helped cement its position as the largest standalone firm in the sector, while Willis Re’s 22 percent showing means that the combined businesses would top $2.5bn in 2020 revenues, analysis by ...
-
News
AssuredPartners names WTW’s Krasner as CFO
AssuredPartners has appointed Andrew Krasner as chief financial officer, with the new hire most recently serving as global treasurer and head of M A for Willis Towers Watson (WTW).
-
News
Willis Re generated 22% organic growth in Q4
Willis Towers Watson (WTW) said its reinsurance business – which sits within the Investment, Risk Reinsurance (IRR) division – recorded fourth-quarter organic growth of 22 percent, a number which at least on a headline basis outpaced those reported by Guy Carpenter and Aon Reinsurance Solutions.
-
News
EC presses pause on Aon-Willis regulatory probe
The European Commission has suspended the deadline on its Phase II investigation into the Aon-Willis transaction as it seeks further information on the ~$30bn deal that is slated to complete in H1 this year in what is thought to be a commonplace procedural step.
-
News
WTW generates 2% organic growth in Q4
Willis Towers Watson generated 2 percent organic growth in the fourth quarter of 2020 despite a 1 percent contraction in its Corporate Risk Broking segment.
-
News
BMS takes Willis Re exec Mercier as US COO
Specialist broker BMS has signed up Robert Mercier from Willis Re as COO of its US operation as it continues to build out its reinsurance business, which has seen revenues go past $100mn globally.
-
News
WTW shares up 6% after Aon repeats commitment to H1 deal close
Investors reacted positively to Aon management commentary that the Willis Towers Watson deal is on track for an H1 close and reaffirmation of post-merger organic growth targets, with shares in both companies up around 6.5 percent this afternoon in New York.
-
News
WTW to pay departing quartet $2.1mn to remain through close of Aon deal
Willis Towers Watson (WTW) has agreed to pay departing senior executives Michael Burwell, Gene Wickes, Carl Hess and Joseph Gunn a combined $2.1mn to stay with the company through to the conclusion of the company’s acquisition by Aon.
-
News
Aon shares up 6% on earnings beat and mid-single-digit organic growth target
Shares in Aon were changing hands at $220.20 in early New York trading, nearly 6 percent above yesterday’s close after the intermediary outstripped Wall Street Q4 earnings forecasts and said it remains on track to close the Willis Towers Watson deal in the first half of 2021.
-
News
Willis Re estimates 2020 nat cat losses at $78bn
Willis Re has pegged industry natural catastrophe losses in 2020 at $78bn, 17 percent higher than the 10-year average.
-
News
NZ carrier FMG raises Aon-WTW competition concerns
New Zealand insurer FMG has raised concerns about the impact that the Aon combination with Willis Towers Watson would have on competition and delivering the best outcome for insureds in the domestic market.
-
News
Aon-WTW seek to allay “three-to-two” concerns of NZ regulator
Aon and Willis Towers Watson have rebuffed preliminary findings by New Zealand’s Commerce Commission (CCNZ) warning of further concentration in the commercial insurance and reinsurance broking markets and highlighted a lack of concern from clients about the merger.
