As second competition regulator expresses concern
The Australian Competition & Consumer Commission (ACCC) has taken aim at the merger of financial services giants Aon and Willis Towers Watson (WTW).
The probe started in October 2020, but now the Australian competition watchdog has expressed concerns on the impact the merger can have on the country’s supply of services.
The announcement from the ACCC comes weeks after the European Commission stopped the clock on its own review of the deal.
European stumbling block
On 21 Dec 2020, the Commission confirmed it had opened an in-depth investigation to assess the merger.
Executive vice president Magrethe Vestager, responsible for competition policy, said at the time: “Aon and Willis Towers Watson are two leading companies in the market for insurance and re-insurance brokerage.