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Aon falls to $900mn Q3 loss after WTW merger collapse

29th October 2021

Re/insurance broker Aon has posted a net loss of $900 million and an operating loss of $801 million for the third quarter of 2021, after incurring $1.3 billion of charges related to the termination of its planned combination with Willis Towers Watson. But costs associated with the merger collapse disguised what ... Read the full article

WTW’s Forsgård to take command of Nordics at Aon

15th October 2021

Re/insurance broker Aon has announced the appointment of Johan Forsgård as Chief Executive Officer (CEO) for its Nordic region. He will join the firm in the fourth quarter of 2022, leaving Allan Karlsen, CEO for Aon Denmark and Nordic Chief Operating Officer, to continue leading the region along with the Nordic ... Read the full article

CEO Case says Aon has emerged stronger from failed WTW merger: report

16th August 2021

As global insurance and reinsurance broker Aon looks forward after its failed merger with rival Willis Towers Watson (WTW), Chief Executive Officer (CEO) Greg Case has told the Financial Times that the firm has emerged stronger. Aon and WTW decided to terminate their proposed $30 billion combination last month after ... Read the full article

Aon could have closed WTW deal, but options unappealing: CEO Case

30th July 2021

Global insurance and reinsurance broker Aon could have completed its now terminated $30 billion combination with Willis Towers Watson (WTW), but the two options proposed to close the deal would have been damaging for the firm, according to its Chief Executive Officer (CEO), Greg Case. Aon released its second-quarter 2021 ... Read the full article

Gallagher views M&A a key growth engine despite Aon / WTW deal collapse

30th July 2021

Gallagher’s Chairman, President and Chief Executive Officer J. Patrick Gallagher, Jr. has underlined the broker’s commitment to mergers and acquisitions as a “proven strategic growth engine,” despite the breakdown of its deal with Aon to acquire chunks of rival Willis Towers Watson. His comments came alongside Gallagher’s quarterly results statement, ... Read the full article

Analysts see ‘more go-it-alone headwinds’ at WTW than Aon as merger collapses

26th July 2021

As news broke today that Aon's proposed combination with rival re/insurance brokerage Willis Towers Watson (WTW) has been terminated, analysts at Keefe, Bruyette & Woods (KBW) see greater headwinds for WTW moving forwards. The proposed $30 billion mega-merger of two of the world's largest brokers fell apart today as the ... Read the full article

Aon, WTW terminate attempted mega-merger

26th July 2021

Re/insurance broking giants Aon and Willis Towers Watson have terminated their much publicised mega-merger, 16 months after the deal was officially announced to the world. The decision appears to have been driven by what Aon Chief Executive Officer Greg Case describes as "an impasse with the US Department of Justice." Despite quickly ... Read the full article

KBW explores potential consequences of Aon / WTW deal break

12th July 2021

Analysts at KBW have modelled the potential impact on Aon and Willis Towers Watson (WTW) if their pending merger deal were to collapse. The firm believes that the brokers will ultimately end up selling more businesses to satisfy ongoing regulatory concerns, but the deal is currently facing significant roadblocks, including Read the full article

Aon set for further WTW divestments to appease NZ regulators

12th July 2021

Re/insurance broker Aon has been instructed by New Zealand regulators to make further divestments if its proposed mega-merger with rival player Willis Towers Watson is to be approved. Aon was cleared to move ahead with its acquisition of WTW by the European Commission last week, in an agreement that was ... Read the full article

EC approval a “major step” towards completion: Aon & WTW

9th July 2021

A statement from Aon and Willis Towers Watson (WTW) describes today’s regulatory approval from the European Commission (EC) as a “major step” towards the completion of the brokers’ pending merger. The approval was described as conditional on full compliance with a substantial set of commitments offered by Aon, including the ... Read the full article

Aon / WTW merger cleared by European Commission

9th July 2021

The ongoing merger between re/insurance broking giants Aon and Willis Towers Watson has cleared a significant hurdle today with breaking news of the deal’s approval by the European Commission. The approval is described as conditional on full compliance with a substantial set of commitments offered by Aon, including the divestment of ... Read the full article

Aon / WTW US antitrust trial to begin in November, possibly later

7th July 2021

A federal judge has told global brokers Aon and Willis Towers Watson (WTW) that their trial versus the Antitrust Division of the U.S. Department of Justice (DoJ) is unable to commence before November and could be delayed further owing to a backlog of cases. After the DoJ proposed a trial ... Read the full article

New Zealand again extends Aon / WTW merger decision date

2nd July 2021

The New Zealand (NZ) Commerce Commission's ongoing investigation into the proposed $30 billion combination of Aon and Willis Towers Watson (WTW) has been extended once more, with a conclusion now expected by August 20th, 2021. This is the second time New Zealand’s Commerce Commission has extended its deadline after launching an ... Read the full article

DoJ’s Feb 2022 trial date ‘untenable’ and prolongs uncertainty, says Aon/WTW

30th June 2021

Lawyers of global re/insurance brokers Aon and Willis Towers Watson (WTW) have described the US Department of Justice's (DoJ) proposal that its trial seeking to block their merger not commence until February of next year as "untenable". In an effort to stop the creation of what it calls a "broking behemoth", ... Read the full article

South Africa asks for further divestments in Aon / WTW remedy package

29th June 2021

The Competition Commission of South Africa (CCSA) has required that brokers Aon and Willis Towers Watson (WTW) make a number of significant divestments to remedy competition concerns before their pending merger can be approved in the country. The regulator has asked that the brokers divest WTW’s entire global reinsurance broking business ... Read the full article

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