Marsh McLennan News

Willis to Join S&P’s 500 Index on Jan. 4

Willis Group Holdings Plc, the insurance broker that’s planning a merger with consulting firm Towers Watson & Co., will join the Standard & Poor’s 500 Index and replace Fossil Group Inc. Willis climbed 4.8 percent to $49.30 at 9:45 a.m., …

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 Weighs Increasing Offer for Towers Watson, Amid Opposition to Deal

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 ‘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 …

Towers Watson Investors ‘Should Reject’ Merger with Willis: Advisers

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 Says It’s ‘On Track’ After Q3 Results

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 Seeks Ways to Cut Tax as Competitors Shift to London

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, …

MMC’s Zaffino Adds Chairman Title; Willis Re’s Hearn to Join Guy Carpenter as CEO

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 …

AIG Invests in Cybersecurity, Investigations Firm, K2 Intelligence

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 …