Willis Towers Watson News

EU Antitrust Regulators Extend Deadline to July 27 for Decision on Aon-Willis Deal

BRUSSELS – European Union antitrust regulators have extended until July 27 the deadline for their decision on Aon’s $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on Wednesday. Aon, which announced the deal a year …

Aon’s Concessions to EU May Not Be Enough to Close $30B Willis Deal: Sources

BRUSSELS – Insurance broker Aon’s offer to sell assets in five EU countries and takeover target Willis Towers Watson’s reinsurance arm may not be enough to address EU competition concerns, people familiar with the matter said on Tuesday. Aon is …

Update: Aon Offers to Sell Assets to Gain EU Antitrust Approval for $30B Willis Bid

BRUSSELS – Insurance broker Aon has offered to sell assets in several EU countries and the reinsurance unit of takeover target Willis Towers Watson to gain EU antitrust approval for its $30 billion acquisition bid, a person familiar with the …

Insurance Industry Groups Join Forces to Help UK Career-Break Women Return to Work

Nine leading insurance industry businesses announced the creation of a program in the UK that will enable “career-break” professionals to return to work. The program will enable participating firms to tap into the “forgotten army” of experienced women who are …

Update – Aon’s $30B Bid for Willis Towers Watson Faces EU Antitrust Warning: Reuters

BRUSSELS – Aon will face a list of objections by the EU’s antitrust watchdog which it must overcome with concessions to proceed with its $30 billion bid for Willis Towers Watson, two people familiar with the matter said. The negotiations …

Cinven and GIC Complete Purchase of UK Broker Miller from Willis Towers Watson

Cinven, the international private equity firm, and GIC, Singapore’s sovereign wealth fund, have completed the acquisition of leading specialist insurance and re/insurance broker, Miller, from Willis Towers Watson. The acquisition was first announced in November 2020. Although financial details of …

Willis Towers Watson, Liberty Specialty Markets Launch Reputational Crisis Coverage

Willis Towers Watson and Liberty Specialty Markets have partnered to offer reputational crisis insurance that enables organizations to transfer the financial risk associated with certain types of reputational crises and provides access to non-insurance capabilities, including AI-powered data analysis. The …

Australia Regulator Raises Antitrust Concerns over $30B Aon-Willis Towers Watson Deal

Australia’s competition regulator on Thursday raised initial concerns over Aon’s $30 billion bid for Willis Towers Watson to create the world’s largest insurance broker, close on the heels of a similar move by EU antitrust regulators. The merger could significantly …

EC Pauses Investigation; CEO Says Aon-Willis Merger Still on Track to Close in 1st Half

The merger of Aon with Willis Towers Watson is on course to close in the first half of 2021, said John Haley, Willis Towers Watson’s chief executive. “In March of last year when we first announced [the merger], we had …

Willis Towers Watson to Pay $2.1M Cash Retention Agreements for 4 Executives

Willis Towers Watson has approved retention agreements worth $2.1 million for four executives as an incentive for their continued employment until the closing of the broker’s merger with Aon, according to a WTW filing with the U.S. Securities and Exchange …