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Marsh claimed Aon is trying to ‘flip the narrative’ from its poor management decisions and uncertain future in its response to the suit.

Aon’s legal team said it was concerned that the proposed timetable could kill off the deal before the trial begins.

The deal was approved by regulators on the proviso of the disposal, as well as other divestitures already agreed.

The CCCS has identified competition concerns around executive pay consulting services.

“We are not about to let [the] delay…compromise the deal”, says Latham & Watkins lawyer Dan Wall.

The Willis veteran becomes the latest fac executive to depart, following the recent exits of Alf Garner and Antonio Tosti.

With the DoJ’s suit creating question marks around closing, the junior merger partner’s standalone prospects must be weighed.

The parties will likely look to deliver a carve-out of large P&C and health benefits broking in the US to target a DoJ settlement.

Citi analyst Suneet Kamath wrote that P&C underwriters have more exposure to inflation pressures, due to higher claim costs compared with brokers and life insurers.

Aon and Willis were taken by surprise by the lawsuit, a CTFN report claims.

Carriers also reported premium expansion and improved solvency during the quarter.

With economic activity bouncing back globally and major events attracting large crowds returning to the calendar, Willis Towers Watson warned that the level of terrorism risk is also likely to rebound.