The Limited Times

Now you can see non-English news...

Insurance: Aon and Willis Towers Watson abandon merger

2021-07-26T19:39:32.662Z


The US Department of Justice opposed the takeover of number three in the insurance sector by number two. Gras Savoye, French subsidiary of Willis Towers Watson, is concerned.


British brokers Aon and Willis Towers Watson have just given up on their giant marriage, a transaction worth around $ 30 billion.

Aon, number two in the world in insurance brokerage behind the American Marsh, announced in March 2020 its intention to buy Willis Towers Watson, third in the sector.

Read also:

Luxury: LVMH breaks its historic records for 2019

Objections from the US Department of Justice ended the engagement.

In fact, in mid-June, the American authorities filed a complaint in a court in the District of Columbia to oppose the operation on the grounds that it could raise prices and reduce innovation.

"Despite several approvals around the world, including the recent green light given by the European Commission to our rapprochement, we have reached an impasse with the US Department of Justice,"

Aon's chief executive said in a statement, Greg Case.

For the US Department, Aon and Willis Towers Watson had certainly agreed to part with certain activities,

This article is for subscribers only.

You still have 47% to discover.

To cultivate one's freedom is to cultivate one's curiosity.

Continue reading your article for € 1 for 2 months

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All business articles on 2021-07-26

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.