greg-case-ceo-aon
26 July 2021Insurance

Aon extends CEO and CFO contracts as WTW merger fails

Re/insurance broker  Aon has extended the contracts of its chief executive (CEO) Greg Case (pictured) and chief financial officer (CFO) Christa Davies for an additional three years.

The announcement follows the termination of its $30 billion planned merger with Willis Towers Watson after it "reached an impasse with the U.S. Department of Justice".

Both Case and Davies' employment agreements have been extended through April 1, 2026. Both were previously set to expire on April 1, 2023.

Aon said that no changes have been made to their compensation arrangements.

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
3 August 2021   The appointee formerly worked at Swiss Re, GE Insurance and KPMG.
Insurance
28 July 2021   DoJ’s perspective demonstrates a fundamental misunderstanding of the marketplace, says Greg Case.
Insurance
26 July 2021   Aon will pay Willis Towers Watson a termination fee of $1 billion.