Hints and tips:
...Alvarez & Marsal has hired five managing directors from KPMG to form a new transaction advisory team in Australia, led by KPMG Australia’s former head of private equity David Willis....
...J Sainsbury’s refusal to sign up to the real living wage for contractors is a similar pitfall. Tensions are inevitable across industry....
...And from everything we know about what Fani Willis, the prosecutor in Fulton County, Georgia, has said and done, probably fairly quickly there....
...This helped swell their top lines: Marsh reported $17bn in revenue last year, while Aon reported $11bn and Willis recorded $9bn....
...They include J Bradford DeLong’s forthcoming Slouching Towards Utopia: An Economic History of the Twentieth Century, which analyses the years from 1870 to 2010....
...Aon and Willis announced on Wednesday that Willis would sell Gallagher assets including its reinsurance broking division Willis Re, excluding its operations in mainland China and Hong Kong....
...The top three in the industry — MMC, Aon and Willis Towers Watson — will become two early next year when Aon completes its acquisition of Willis Towers Watson....
...Brands; Chubb; Santander; Dixons Carphone; Fresnillo; Lloyds Banking Group; London Stock Exchange; Metro Bank; Nichols; Persimmon; Reckitt Benckiser; WPP; French Connection; J Sainsbury Thursday Altria...
...The new number three, Arthur J Gallagher, will trail some way behind with revenues of $5bn....
...The move comes as the insurance broking industry consolidates, with Aon and Willis Towers Watson combining to become a new number one and other large brokers such as Arthur J Gallagher growing via acquisition...
...The judge in one recent case involving brokers Arthur J Gallagher and Ardonagh commented that one of the people involved was subject to a “frenzy of abuse” after he left....
...The head of insurance broker Arthur J Gallagher said the days of small generalists in his industry may be coming to an end....
...Willis Towers Watson and Cass Business School say shares in acquiring companies underperformed “for an unprecedented fifth consecutive quarter”, making it the worst annual performance by dealmakers for a...
...“It also raises the possibility of Aon pursuing another large acquisition, whether in insurance brokerage or elsewhere”, added the broker, which name-checked Arthur J Gallagher and Brown & Brown as the largest...
...James Brett stepped down as chief executive of retail group J Crew. Brett took over in 2017 and was previously the boss of furniture retailer West Elm....
...The debacle serves the remuneration committee right for paying Willis Towers Watson just £73,500 for remuneration advice. Many of Burberry’s incentives are linked to profitability....
...Blackstone recently acquired Chicago’s 110-storey Willis Tower for $1.5bn as well as three hotels from John Paulson’s hedge fund for about $1.2bn. The hotels are the Ritz-Carlton and J.W....
.... ——————————————- Letter in response to this report: Market works well . . . in some cases / From Dr J E Woods...
...Instead Willis went for a young, playful and modern look, which felt quite urban....
...Arthur J Gallagher aims to fund further acquisitions through cash flow from its investments in clean coal....
...Mary Harris, another former partner at the consultancy, sits on the J Sainsbury board, while Johanna Waterous is on the boards of Wm Morrison, Rexam and RSA Insurance....
...Indonesia, Taiwan and Vietnam have all seen big premium rises during the key January 1 policy renewal negotiations on reinsurance contracts that escaped losses from natural catastrophes in 2011, according to Willis...
...Patrick J.d’A. Willis, Director, Loans Trading, Exotix, London W1, UK...
...The Serious Fraud Office looked at the Willis situation and opted not to open a criminal investigation....
...Dominic Burke, JLT chief executive, said the move would help JLT in its bid to take on the three biggest operators in insurance broking – Aon, Marsh and Willis – by dispelling talk that it could be bought...
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