...A. Overview: For combined Brokerage and Risk Management segments, posted 17% growth in revenue, 10% organic growth and nearly 11% organic, controlling for last year's large life sale that Co. has discussed frequently. 1. Net earnings up 20%. a. b. Adjusted EBITDA up 13%. 2. Completed five new mergers, bringing YTD closed merger count to 19, representing nearly $200m of annualized revenue. Add in pending Willis reinsurance merger, number would be pushing $1b. a. 3. Team continues to execute at high level, growing organically, growing through acquisitions, improving productivity, raising quality and most importantly constantly building upon unique Co. culture. B. Willis Re: On regulatory approval front, received competition clearance in five of six jurisdictions required to close, including clearance by US Department of Justice. 1. Final jurisdiction in UK, where CMA is reviewing transaction. a. Review is ongoing, but believes Co. is in good shape. i. b. Although there is still work to be...
