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The U.S. is suing Aon for blocking a $ 30 billion purchase of Willis
US government sues Aon over blocking Willis Towers Watson over threat $ 30 billion deal it plans to create the world’s largest insurance broker.
The Justice Department said in a complaint Wednesday that the combination would “eliminate significant head-to-head competition and likely lead to higher prices and less innovation, and harm American businesses and their customers, employees and retirees.”
Along with Marsh McLennan, Aon and Willis form a trio that “dominate the competition for insurance brokerage for the largest U.S. companies, almost all of which are clients of at least one of them,” the DoJ said.