WTW

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.

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

Willis’s Quarterly InsurTech Briefing shows investments raised more in H1 this year than the whole of 2020.

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.

The search will need to be rapid and sure-footed to give the firm the best opportunity to address its issues.

Willis Towers Watson must act quickly and decisively to either salvage the sale of Willis Re or lock down staff.