Dominic Casserley News

Former Willis CEO Casserley Joins Warburg Pincus as Investment Advisor

Private equity firm Warburg Pincus said Dominic Casserley has joined the firm as a senior advisor in its Financial Services Group. Casserley formerly CEO of Willis Group Holdings, will help evaluate new investment opportunities in the financial services sector, including …

UJA-Federation of New York to Honor Casserley, Dangelo, Hershman

UJA-Federation of New York, a philanthropic organization, announced three honorees to be recognized at this year’s General Insurance Annual Dinner. The event will be held on May 31 at Grand Hyatt New York in Manhattan. This year’s honorees are Dominic …

Willis Group Reports (Pre-Merger) Q4 Loss of $24M, vs. Q4 2014 Earnings of $76M

Willis Group reported a net loss of $24 million, or $(0.35) per diluted share during the fourth quarter of 2015, compared to earnings of $76 million, or $1.12 per diluted share, in the prior year quarter. During the 12 months …

Douglas at Willis Towers Watson Receives High U.K. Honor

Willis Towers Watson announced that Rowan Douglas, head of Willis Towers Watson’s Capital Science & Policy Practice, has been made a CBE in the United Kingdom’s New Year Honours List for services to the economy through risk, insurance and sustainable …

Newly Merged Willis Towers Watson Begins Operating

Willis Towers Watson Public Limited Co. began operating today following the successful completion of the merger of Willis Group Holdings and Towers Watson. The company, which will do business as Willis Towers Watson, is a global advisory, broking, and solutions …

Willis Completes Acquisition of France’s Gras Savoye

Willis Group Holdings plc, the global risk advisory, re/insurance broking, and human capital and benefits firm, announced the completion of its acquisition of Gras Savoye, the leading French insurance broker. On April 22, 2015, Willis Group announced it planned to …

Towers Watson Shareholders ‘Should Reject’ New Willis Deal, Says Proxy Adviser

Towers Watson & Co. shareholders should vote against an $8.9 billion merger with Willis Group Holdings Plc even after the insurance broker increased the offer amid a backlash from investors, proxy adviser Glass Lewis & Co. said in a report. …

Tower Watson Sweetens Willis Merger Offer by Doubling Special Dividend to $10

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 ‘Disappointed’ that Tower Watson Shareholders Advised to Reject Merger

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 …

Willis Reports Q3 Net Income of $117M, Compared to $7M Net Loss in Q3 2014

Willis Group reported net income of $117 million, or $0.64 per diluted share, during the third quarter ending Sept. 30, compared to a net loss of $7 million, or $(0.04) per diluted share, in the prior year quarter. For the …