Aon
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Aon’s legal team said it was concerned that the proposed timetable could kill off the deal before the trial begins. -
The deal was approved by regulators on the proviso of the disposal, as well as other divestitures already agreed.
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The broker is looking to expand its footprint in a market where credit insurance policies and banks’ credit risk methods are converging.
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The CCCS has identified competition concerns around executive pay consulting services.
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The lawsuit accuses Michael Parrish of masterminding the raid, despite still being a paid Aon employee.
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Plus the lowdown on CFC’s syndicate capacity and all the top news from the week.
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“We are not about to let [the] delay…compromise the deal”, says Latham & Watkins lawyer Dan Wall.
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Frederick Streeton will join in September from Liberty Mutual Group, where he was head of underwriting strategy for the its global risk solutions business.
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Trading Risk reported last year that the Aon executive had resigned to join Lockton.
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The parties will likely look to deliver a carve-out of large P&C and health benefits broking in the US to target a DoJ settlement.
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Aon and Willis were taken by surprise by the lawsuit, a CTFN report claims.
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Plus, a detailed look at the FCA’s BI claims data and all the most popular news from this week.
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