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Insurance: the fate of Gras Savoye in suspense

2021-05-03T22:25:53.998Z

A cut-to-size sale from the leading French broker would reshuffle the sector. The fate of Gras Savoye, the leading French insurance broker, is setting the brokerage world in turmoil. This tricolor subsidiary of the British Willis Towers Watson could indeed pay the costs of the marriage of its parent company to Aon and be sold. Announced a year ago, the $ 30 billion merger of these two global brokerage giants (number two and three respectively) must be finalized by the summ



The fate of Gras Savoye, the leading French insurance broker, is setting the brokerage world in turmoil.

This tricolor subsidiary of the British Willis Towers Watson could indeed pay the costs of the marriage of its parent company to Aon and be sold.

Announced a year ago, the $ 30 billion merger of these two global brokerage giants (number two and three respectively) must be finalized by the summer.

But it is still awaiting the green light from Brussels, which would study the sale of a “package” of activities in Europe (Germany, France, Spain, the Netherlands) to prevent the new Aon-Willis group from occupying a dominant position. in certain countries and with certain activities, according

to Insurance Argus

and

Insurance Insider

.

Gras Savoye, who did not answer our questions, would be included in this "package" and could be sold cut to size.

Read also:

Gras Savoye absorbed by a global brokerage giant

Founded in 1907, the company has grown steadily through acquisitions in the region and nationally over the past thirty

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Source: lefigaro

All business articles on 2021-05-03

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