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While Aon and Willis Towers Watson were trying for many months to land their merger, their competitors were able lure away some of their producer talent – ....
Sale of Willis Re Still Possible After Collapse of Aon Merger, Gallagher Deal Insurance broker Willis Towers Watson PLC said on Tuesday it is weighing strategic alternatives for its reinsurance unit, Willis Re, days after a planned sale to rival Arthur J. Gallagher fell through. Willis and broker Aon PLC had planned to merge to create the world’s largest insurance broker, topping current leader Marsh & McLennan Companies Inc. As part of the merger, European regulators demanded the sale of Willis Re to preserve competition, and Gallagher had agreed to buy it and other assets for about $3.6 billion. Opposition from the U.S. Department of Justice, however, caused Aon and Willis Towers Watson to walk away from the merger last week, which scotched the concession sales. ....
(Corrects final paragraph to clarify that Aon was the proposed seller, not Willis Towers Watson.) NEW YORK (Reuters) - Insurance broker Willis Towers Watson PLC said on Tuesday it is weighing strategic alternatives for its reinsurance unit, Willis Re, days after a planned sale to rival Arthur J. Gallagher fell through. Willis and broker Aon PLC had planned to merge to create the world’s largest insurance broker, topping current leader Marsh & McLennan Companies Inc. As part of the merger, European regulators demanded the sale of Willis Re to preserve competition, and Gallagher had agreed to buy it and other assets for about $3.6 billion. ....
WTW to hire 'aggressively' to replace top talent lost during Aon deal intelligentinsurer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from intelligentinsurer.com Daily Mail and Mail on Sunday newspapers.
Billions in Aid Remain Unclaimed as Biden Ignores Supreme Court Ruling to Extend Eviction Moratorium cbn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbn.com Daily Mail and Mail on Sunday newspapers.