Aon and Willis Towers Watson drop merger

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.

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 CEO Greg Case said in a statement. For the US Department, Aon and Willis Towers Watson had certainly agreed to part with certain activities,

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