JLT specie settlement totalled $40mn: Willis
Willis Towers Watson CFO Roger Millay has said the settlement
the company made with rival broker JLT over a recent poaching
dispute totalled $40mn.
After the settlement relating to the defection of a specie team
was agreed, JLT released a statement to the London Stock Exchange
on 8 April revealing that it was taking a charge of £22mn
($32mn) in its second quarter results.
Despite the wording used in the disclosure - which made clear
that this was in addition...
Read more »