Willis Group Holdings Plc, the third-largest insurance broker, agreed to better terms for Towers Watson & Co. shareholders in a proposed merger after the consulting firm’s investors said that a June agreement was inadequate. The one-time cash dividend will be …
Willis Group Holdings is considering increasing its offer for Towers Watson & Co after failing to muster enough shareholder support for its $18 billion merger with the human resources consultancy, a person with knowledge of the matter said. Earlier today, …
Willis Group Holdings plc said it was “disappointed” that Institutional Shareholder Services last week recommended Tower Watson shareholders reject the proposed merger with Willis. “[W]e are disappointed with their conclusion that Towers Watson shareholders should not support the merger. We …
Towers Watson & Co. investors should reject a planned merger with insurance broker Willis Group Holdings Plc, proxy advisers Institutional Shareholder Services and Glass Lewis & Co. said. The consulting firm’s holders should seek improved merger terms, or “the better …
Marsh & McLennan Cos. Inc. reported $3.12 billion in consolidated revenue for the third quarter, a decline of about one percent compared to the same quarter last year, along with an 8.7 percent jump in net income to $323 million. …
Marsh & McLennan Cos., the largest insurance broker by market value, is seeking ways to cut tax obligations as rivals shift to Europe, where rates are lower. “The search for tax efficiency for us started several years ago,” Dan Glaser, …
Marsh & McLennan Companies Inc. announced that Peter Zaffino, president and CEO of Marsh, has been appointed chairman of the company’s Risk & Insurance Services segment, which includes Marsh and Guy Carpenter. Zaffino will continue to serve as president and …
American International Group Inc. as acquired a minority stake in K2 Intelligence, an corporate investigations firm. The companies said they have agreed to co-develop products and services to help AIG’s customers mitigate cyber risk and to explore opportunities in other …
Companies are finding a way to minimize the repercussions when their digital security is violated. Unfortunately, they’re turning to the same safeguards that protect the guitar-strumming hands of Keith Richards, the goal-scoring limbs of David Beckham and the most remarkable …
Insurance broker Lockton has hired Danielle Chayot as vice president and producer for its Northeast operation. Chayot is based in Lockton’s New York office.
