Willis Towers Watson names senior leaders for Singapore Finex business

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Willis Towers Watson (WTW) has made two senior appointments in its financial and executive (Finex) risks business in Singapore. Sagar B. Mehta is now regional associate director for the Asia M&A transaction solutions team, while Ernest Heng is Finex leader for Singapore.

Mehta (pictured left) was formerly M&A transaction solutions leader in India before relocating to Singapore for his new role, in which he will report to Terence Montgomery, head of M&A for Asia-Pacific and Namit Mahajan, head of Finex Asia at WTW. He will partner and support private equity and strategic M&A dealmakers in Singapore and across the region

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Argo declares loss estimates for Q4 2020

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Argo Group International Holdings, Ltd., which is releasing its latest financial results on February 18, has painted a picture of what’s to come – and it appears red is the dominant colour.

According to the property & casualty underwriter, it expects the group’s fourth quarter numbers to be “adversely affected” by estimated losses brought about by various natural catastrophe events and the continued impact of the coronavirus crisis.

In a release, the Bermuda-headquartered specialist insurer noted: “Argo expects to report natural catastrophe losses of approximately US$38 million in the fourth quarter, primarily related to hurricanes Delta and Zeta as well

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Ant forced to put payments group in financial holding company

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“If you mess with the bull, expect to get the horns”. So says American folklore – Jack Ma and his Ant group should have listened to the proverb.

Ant forced to put payments group in financial holding company

In just three short month, the PBoC’s chief antagoniser has had his $37 billion IPO iced and has now been forced to break up financial arm of the group to become exactly what he railed against – a financial holding company or, in China, a Bank.

Ant Group reached the deal with Chinese regulators to restructure its business after they raised issues

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