Aon

Willis’s sale of its reinsurance arm was the best option it had left – but the loss will have implications for the wider business.

The executive is leaving his role as global head of broking at Willis to take on a major role at Aon, in the aftermath of the mega-merger collapse.

Christophe Bonneville, Cristina Chaparro and Joyce Koch join in Paris, Madrid and Amsterdam.

The number two broker must now refocus on rebuilding internal divisions.

Adjusted for large renewals and IPOs, the pricing index rose 7.7% in the second quarter.

Executives addressed analysts following strong Q2 results and the earlier collapse of the Willis integration.

Willis Towers Watson will not pay staff bonuses that were contingent on the completion of the Aon merger.

Plus this week’s company results and all the top news from the week.

The Q2 results update came at the end of a week in which an agreement to acquire Willis Towers Watson collapsed.

The disruption of the Aon-Willis deal breakdown could arguably create almost as much of a shake-up of the competitive landscape amongst the second-tier challenger brokers as it will for the two would-be merger partners themselves.

The committee will be responsible for seeing through the broker’s four-pronged Aon United Blueprint.

A White House press spokesperson said the deal would have led to higher costs for businesses and consumers.