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14-09-2015 Broker Willis Towers Watson will be broken up and large parts of it including a substantive part of its reinsurance operations sold to Arthur J. Gallagher & Co in a move designed to smooth the way for Aon’s acquisition of the business. It is hoped the deal with help Aon secure a green light from concerned regulators. A number have expressed antitrust-related worries relating to the deal, most notably the European Commission. In April, the two brokers said they were developing a remedy proposal to alleviate these concerns. The European Commission was reported to be on the verge of publishing a statement outlining all its fears. This prompted the firms to prepare a package of remedies designed to negate the need for this to be published at all. ....
/PRNewswire/ Arthur J. Gallagher & Co. (NYSE: AJG) today announced an agreement to acquire certain Willis Towers Watson plc reinsurance, specialty and. ....
By Reuters 2021-04-29T08:10:00+01:00 Insurance broker Aon is set to gain conditional EU antitrust approval for its $30 billion bid for Willis Towers Watson without having to offer more concessions, people familiar with the matter said. Aon, which clinched the deal a year ago to create the world’s largest insurance broker ahead of Marsh & McLennan Companies Inc, offered concessions to the European Commission earlier this month. Following feedback from rivals and customers last week, the EU competition enforcer has asked for some tweaks but is unlikely to ask for more concessions, the people said. Aon could have faced a charge sheet called a statement of objections which sets out EU concerns if market feedback had been negative and if it had then refused to offer more concessions. This is not the case now, the people said. ....
Exclusive-Aon s $30 billion Willis deal set to win EU approval - sources By Foo Yun Chee Reuters BRUSSELS (Reuters) -Insurance broker Aon is set to gain conditional EU antitrust approval for its $30 billion bid for Willis Towers Watson without having to offer more concessions, people familiar with the matter said. Aon, which clinched the deal a year ago to create the world s largest insurance broker ahead of Marsh & McLennan Companies Inc, offered concessions to the European Commission earlier this month. Following feedback from rivals and customers last week, the EU competition enforcer has asked for some tweaks but is unlikely to ask for more concessions, the people said. Aon could have faced a charge sheet called a statement of objections which sets out EU concerns if market feedback had been negative and if it had then refused to offer more concessions. This is not the case now, the people said. The concessions package includes selling a swathe of Willi ....
EU Set to Approve Aon-Willis Merger; More Concessions Unlikely: Reuters Insurance broker Aon is set to gain conditional EU antitrust approval for its $30 billion bid for Willis Towers Watson without having to offer more concessions, people familiar with the matter said. Aon, which clinched the deal a year ago to create the world’s largest insurance broker ahead of Marsh & McLennan Companies Inc., offered concessions to the European Commission earlier this month. Following feedback from rivals and customers last week, the EU competition enforcer has asked for some tweaks but is unlikely to ask for more concessions, the people said. ....