Aon
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Detailed excerpts from an internal Aon memo on the "opt-in" rate to the salary reduction programme.
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In total, nine out of 10 in-scope staff will participate, an internal memo obtained by this publication shows. -
The broker is accused of failing to disclose material financial information about the deal.
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Members will work with the existing integration leadership team.
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Willis retention pool revealed as a minimum of $125mn, with scope for additional funds to be signed off by Aon.
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Insurers say the policy at issue has a $15mn sub-limit for windstorm damage.
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Lewis joined Aon from TMK in September to set up the managing general agency.
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The CEO says the sector needs to innovate to address its waning relevance.
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The extensive negotiations started at 0.99 Aon shares for each Willis share, and ended at 1.08, according to proxy documents.
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The executive says the move will protect staff and support clients amid serious economic turmoil.
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The broker lifts its operating margin by 2 points as reinsurance solutions expands 9 percent on an underlying basis.
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The broker had been at Aon for the best part of a decade.
