Category: Business News
(Reuters) – Aon Plc (AON.N) said on Monday it would buy Willis Towers Watson Plc (WLTW.O) for nearly $30 billion, in an all-stock deal which will make it the world’s biggest insurance broker and give it more pricing power, but also attract regulatory scrutiny.
The acquisition, the insurance sector’s largest ever, unifies the second and third largest brokers globally into a company worth almost $80 billion, overtaking market leader Marsh & McLennan Companies Inc (MMC.N). It comes at a time when insurers are facing rising claims and new threats from the global outbreak of coronavirus and climate change.
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Published: March 9, 2020