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.

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