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Exclusive-Aon s US$30 billion Willis deal faces EU probe - sources BRUSSELS :Aon s US$30 billion bid for Willis Towers to create the world s largest insurance broker faces a full-scale investigation because of its complexity, two people familiar with the matter said.
FILE PHOTO: An office building with Aon logo is seen amidst the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June 3, 2020. REUTERS/Loren Elliott
15 Dec 2020 09:42PM (Updated:
15 Dec 2020 11:56PM) Share this content
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BRUSSELS -The European Union s antitrust regulators are to open a full-scale investigation into Aon s US$30 billion bid for Willis Towers Watson to create the world s largest insurance broker, two people familiar with the matter said.
Exclusive-Aon s US$30 billion Willis Towers deal faces EU probe - sources channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.
Aon’s $30B Bid for Willis Towers Watson Faces EU Probe: Reuters
BRUSSELS – Aon’s $30 billion bid for Willis Towers to create the world’s largest insurance broker faces a full-scale investigation because of its complexity, two people familiar with the matter said.
The companies, which are the second and third-largest brokers globally after leader Marsh & McLennan Companies Inc , are looking to the deal to boost their pricing power. Analysts said this will likely trigger deep regulatory scrutiny.
The insurance industry is facing a host of issues, with rising claims and new threats from the global outbreak of coronavirus and climate change.
Market movers: Stocks that saw action on Tuesday - and why Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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A roundup of some of the North American equities that made moves in both directions
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Aon s US$30 bil Willis deal faces EU probe — sources theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.