U.S. sues to stop $30 billion global insurance merger of Aon and Willis Towers Watson PUBLISHED WED, JUN 16 20215:16 PM EDTUPDATED WED, JUN 16 20216:21 PM EDT Reuters
KEY POINTS The deal would combine two of the “Big Three” global insurance brokers, the department said. The third is Marsh McLennan.
The complaint, filed in the U.S. District Court for the District of Columbia, listed five areas of concern including identifying appropriate health benefits plans for big customers and plans for property, casualty, and financial risk for large customers.
This month, Aon announced the sale of some assets to private equity firm Aquiline Capital Partners and tech firm Alight for $1.4 billion in a bid to get U.S. approval. The proposed divestitures were insufficient, the department said.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.