Deal to create world’s largest insurance broker likely to face resistance from regulators
Aon to buy Willis Towers for nearly $30bn as consolidation in the global insurance sector continues
09 March 2020 - 17:32
London — UK-based Aon said on Monday it would buy Willis Towers Watson for nearly $30bn in an all-stock deal that creates the world’s largest insurance broker but is almost certain to face regulatory hurdles.
The deal unifies the sector’s second- and third-largest names into a company worth $76bn at prevailing share prices and adds scale in a battle with falling margins and challenges ranging from the coronavirus to climate change...
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