WTW

The new deadlines set last week after a hearing suggest that recent settlement negotiations between the brokers to end the case via private mediation did not come to fruition.

The managing director is the latest in a series of hires at WTW’s natural resources division.

The parties did not disclose whether any money changed hands to end the legal proceedings.

In the lawsuit, filed last week in a New York court, WTW is seeking injunctive relief and compensatory damages over a year after Lockton lured the executives.

The discovery process will run through August and September, and the court will hold a hearing on Aon’s motion for a preliminary injunction on October 12.

The CEO said that WTW was making good progress under its strategy but acknowledged there is more to do.

Growth was slower than rival brokers, but CEO Carl Hess said investments would bear fruit in H2.

WTW sued the rival broker over the poaching of 25 members of its senior living group in September 2021.

The complaint was filed on July 14 in the Superior Court of Suffolk County in Massachusetts.

Luis Maurette, current head of Latin America and head of global sales and client management, will retire on December 31, 2022.

Peru’s state-owned firm Petroperu has said that the broker designated to run its account was chosen as a result of a “technical evaluation”, following local media and Inside P&C reports that WTW had won with the highest bid in the process.

Inside P&C’s news team runs you through the key highlights of the week.