Tysers
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In its first full year of AUB ownership, the broker reported a 24% Ebit margin. -
John Silcock was CEO of entertainment broker Robertson Taylor.
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The MSC Aries was seized on Saturday by the Islamic Revolutionary Guard Corps.
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WTW and Tysers collaborated with PPL to design and implement the pilot.
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The broker’s $47bn DoJ fine had “no material impact” on profits.
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The 200-year-old firm is not the only one to be caught up in watchdogs’ investigations into corruption and bribery controls.
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The DoJ also hit rival reinsurance broker Tysers with a $36mn penalty and administrative forfeiture of around $10.5mn.
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Chief of IRS Criminal Investigation said Tysers had "eroded the process of fair and open competition".
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The broker was being investigated in relation to suspicions of bribery and corruption with regards to one specific client in the country.
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AUB Group CEO Mike Emmett will step in as CEO of Tysers on an interim basis.
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The executive has extensive experience in the reinsurance broking sector both in Asia and London, having worked for Aon Benfield, Cooper Gay and Willis Re in the past.
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