Date Time
Aon withdraws application for Willis Towers Watson acquisition
Aon plc has formally withdrawn its application to the Commerce Commission for clearance to acquire Willis Towers Watson Public Limited Company.
The Commission had been scheduled to make a decision on Aon’s clearance application by 20 August 2021.
Background
Aon and Willis Towers Watson (WTW) are both publicly traded, global professional services firms that specialise in risk management.
In New Zealand, Aon and WTW both provide a range of broking services, including for commercial risk, reinsurance, group health and welfare benefits, and personal and life insurance. In addition, both firms provide investment consulting services to institutional investors.