WTW

A judge found no evidence Mike Harden unlawfully solicited colleagues who “did not want to work for an Aon-controlled organisation”.

The share price jumped after CEO Haley said during an analyst call that the board was working on his succession plan, as well as signalling that its reinsurance business remains in play.

The CEO also pledged revived investment in growth after the Aon deal collapse.

The Willis Towers Watson CEO also confirmed the broker will not pay out bonuses contingent on the Aon merger.

The broker reported adjusted diluted EPS of $2.66, up 48% on Q2 2020.

With a last-minute acquisition by AJ Gallagher on the cards, Willis Re can put the last 16 months of turbulence behind it and come back super-charged.

The investment bank said a transaction would stabilise employee retention at Willis Re and allow Willis to pursue buybacks.

Sources have said a deal could be signed as soon as the middle of the week, with a valuation higher than the last agreement.

Ron Whyte, Willis Towers Watson’s COO of corporate risk and broking (CRB) for Asia is to leave the business next month, this publication can reveal.

Julian Samengo-Turner, who was global CEO of fac at Guy Carpenter in the 2000s, is leaving Willis after four years in the role.

The firm should trade off maximum possible value for near-term certainty in crystallising shareholder value.

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