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WTW

Willis and Towers Watson completed their merger in early January 2016 and became Willis Towers Watson (WTW). The go-ahead decision on the USD 18 billion deal was made by shareholders in an early December 2015 vote, after the terms were changed in several increments during the preceding five months as Towers Watson shareholders were unhappy with the terms offered. Driven by both firms’ management, the deal had been announced

Two years after joining AON France as its Global Benefits practice leader, Bruno Valette joins Mercer France as Client Relationship Director and Principal. Or, rather, rejoins, as Valette had spent 14 years with Mercer in Paris right before AON. Mercer was his first employer in the insurance sector from 1989 to 1997, to be followed by leading French broker Gras Savoye, soon to be a division of Willis –

Willis announced the acquisition of PMI Health Group, an independent healthcare adviser and broker in the U.K. The deal will  raise Willis’s presence in the U.K. employee benefits and healthcare market, and  enhance its product offerings and skills base.

Willis announced the appointment of Brian Shea as Head of Europe for Willis Capital Markets & Advisory, its insurance investment banking division, based in London, effective August 24, 2015. Brian joins from reinsurer  SCOR, where he was Chief Corporate Strategy Officer after 20 years as an investment banker with Salomon Brothers and Merrill Lynch.

Willis appointed Simon Weaver as CEO of its Singapore office, as well as to the newly-created role of regional CEO for South-East Asia.

Willis confirmed that Steve Hearn, Deputy CEO, will leave  to join Cooper Gay Swett & Crawford at the beginning of November, 2015.

Willis combines with Towers Watson to create a new $18 billion insurance, personnel, and risk company. Willis shareholders will own 50.1% of the new Ireland-based company, Willis Towers Watson. The new $18-billion company has annual revenue of about $8.2 billion and 39,000 staff in 120 countries, and advises more than 80% of the world’s top 1,000 companies.