| | Breaking Insurance News | | | The European Commission has approved the acquisition of Willis Towers Watson by Aon, lifting a major roadblock to the proposed $30 billion merger. But there are more roadblocks to overcome.
The approval is conditional on full compliance with a set of commitments offered by Aon, including the divestment of central parts of WTW's business to the insurance broker Arthur J. Gallagher (AJG). Aon and WTW agreed in May to sell Willis Re and a set of Willis Towers Watson corporate risk and broking and health and benefits services to Gallagher for $3.57 billion -- divestitures that aimed to settle a major part of the Commission's antitrust concerns. | | | | Read the full story |
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