Aon
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Including two large 18-month placements, the index would have recorded an average pricing increase of 46.6%. -
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Michael Burwell, Gene Wickes, Carl Hess and Joseph Gunn will each receive a payment for staying with the business until the deal closes.
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Executives reiterate the mid-single expansion guidance announced in March, despite growing organically by 1% in 2020.
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Net income increased by over 40% in the quarter to $524mn and reinsurance continued its growth momentum.
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In a joint submission, the intermediaries argue that the deal will not reduce market competition in New Zealand.
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Business COO James Platt will take on the role until the expected closing of the broker’s merger with Willis Towers Watson.
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CEO Case has given insight here into how he hopes to win the battle for hearts and minds within the enlarged firm.
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The new recruits are the latest in a raft of appointments to the new business division.
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The deal “may reduce choice” for cedants in choosing reinsurance brokers, the EC said.
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The milestone was set out in a combined all-staff townhall as the firms look forward to an H1 close.
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Neither Aon nor Deutsche Bank, whose staff have also reportedly been quizzed, is accused of any wrongdoing.
