EU Approves $30B Aon-Willis Merger With Conditions
By Martin Croucher (July 9, 2021, 1:49 PM BST) -- The European Commission gave its conditional approval on Friday to the $30 billion merger between insurance brokers Aon PLC and Willis Towers Watson, ending a six-month antitrust probe and shifting focus to a November legal contest in the U.S.
The European Commission has made the merger between insurance brokers Aon and Willis Towers Watson conditional on the sale of Willis' reinsurance arm to broking rival Arthur J. Gallagher for $3.57 billion (AP Photo/Francisco Seco) The EU's executive branch said that the approval depended on the sale of Willis' reinsurance arm to broking rival Arthur J. Gallagher for $3.57 billion, as well...
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