John Haley News

Business Moves

AIG, 21st Century Insurance, Farmers Group Inc. American International Group has closed the sale of 21st Century Insurance Group, the wholly owned subsidiaries of AIG’s U.S. personal auto insurance business, to Farmers Group Inc. (FGI), a subsidiary of Zurich for …

Towers Perrin, Watson Wyatt to Merge in $3.5B Deal

Towers, Perrin, Forster & Crosby Inc. and Watson Wyatt Worldwide Inc. have entered into a definitive agreement under which Towers Perrin and Watson Wyatt will combine in a merger of equals to form a new, publicly listed company called Towers …

Watson Wyatt to Buy 20% Stake in South Africa’s Fifth Quadrant

Global consulting firm Watson Wyatt announced that it will form a strategic alliance with Fifth Quadrant, the independent South African actuarial and employee benefits consultancy “Both firms have signed a letter of intent whereby Watson Wyatt would acquire an initial …

Watson Wyatt to Consolidate Dutch Branch

Consulting firm Watson Wyatt Worldwide will fully acquire its alliance partner in the Netherlands, Watson Wyatt Brans & Co. A definitive agreement is expected to be signed in the first quarter of 2007. “The two firms have maintained a close …

Watson Wyatt U.K., U.S. to Combine

Watson Wyatt & Company, the principal subsidiary of Watson Wyatt & Company Holdings and the London-based Watson Wyatt LLP announced the signing of a letter of intent to combine the two firms. “Watson Wyatt & Company currently owns approximately 20 …