Willis Towers Watson
-
The new accounting framework is being brought in to replace current GAAP reporting measures. -
The deal is designed to assuage the Department of Justice’s concerns over the Aon-Willis merger.
-
The US government reportedly has around 20 attorneys at work in case it decides to sue to block the deal.
-
The merging brokers have also agreed a two-year non-compete agreement on transferring Willis business.
-
The AJG CEO vowed to invest in Willis Re assets while stressing the quality and security of the team.
-
The merger partners are working towards a third-quarter completion after a side-deal they say addresses EC concerns.
-
The yardstick will allow insurers and financial institutions to assess companies’ transition plans against the 2015 Paris Agreement.
-
The regulator had previously set a 27 July deadline after the merger partners offered divestments to secure regulatory approval.
-
European regulators are not expected to demand additional concessions of the deal partners.
-
The move follows Willis’ explorations of sales of Willis Re and European units.
-
It is understood that the ~$300mn fac business will be packaged along with the treaty unit.
-
The broker’s international chairman also noted an emphasis on restructuring aggregate programmes during this year’s 1 April.
