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Aon & WTW “surprised” by DoJ lawsuit. Gallagher ready to snap up divestitures

According to a report, insurance and reinsurance giant Aon and its acquisition target Willis Towers Watson (WTW) were both "surprised" by the US Department of Justice (DoJ) filing a lawsuit to try and block their merger. As we reported last week, the US DoJ has sued Aon and Willis, alleging the read the full article →

Divestitures more likely than Aon abandoning Willis deal: Analysts

After the US Department of Justice (DOJ) decided to sue in an attempt to block Aon’s acquisition of broking rival Willis Towers Watson (WTW), analysts at KBW said that rather than abandoning the merger, Aon is more likely to offer additional divestitures. The DOJ's law suit and complaint alleges that the read the full article →

US DOJ sues, says Aon Willis would be “broking behemoth”, parties disagree

Reports that the US Department of Justice (DOJ) might not challenge Aon’s acquisition of rival Willis Towers Watson (WTW) have turned out to be completely false, as the DOJ has now sued to block the merger, saying it would create a "broking behemoth" and stifle competition. The US Department of Justice read the full article →

EC may approve Aon – Willis Towers Watson merger before July: Report

According to a report from Reuters, the European Commission (EC) may approve Aon's $30 billion acquisition of and merger with Willis Towers Watson (WTW) before the end of this month, which would be in advance of the EC's own deadline. Insurance and reinsurance broking giant Aon is getting closer to realising read the full article →

Aon selling $1.4bn of US retirement units to address US DOJ merger questions

Aon has announced the sale of $1.4 billion of US retirement related operations, which it says is a divestment intended to address certain questions raised by the U.S. Department of Justice over its merger combination with Willis Towers Watson (WTW). The insurance and reinsurance broking giant said today it has signed read the full article →

US DOJ may not challenge Aon / Willis Towers Watson merger: Report

It's been reported that the US Department of Justice (DOJ) Antitrust Division may not challenge Aon's acquisition of rival Willis Towers Watson (WTW), which, after the EC related divestment package, means additional disposals to remedy any DOJ concerns is perhaps now the most likely outcome. Yesterday, our sister publication Reinsurance News read the full article →

Aon / WTW: Willis Re sale supported, as industry wants broker choice

It seems that the carrier side of the industry is largely very supportive of the sale of Willis Re as part of the preparations for Aon's acquisition of rival Willis Towers Watson (WTW), as it maintains choice in the reinsurance broking marketplace. In fact, it seems that carriers would actually support read the full article →

Hamilton hires Howie as CFO. Ursano to depart & set-up advisory business

Hamilton, the Bermuda based insurance and reinsurance holding company, has announced the hiring of Craig Howie from Everest Re as its new Group CFO, because incumbent Tony Ursano is set to depart to establish an insurance and insurtech advisory business. Ursano only joined Hamilton Insurance Group in mid-2019 so his tenure read the full article →

Aon sells German pensions business to LCP, as further step towards WTW merger

Insurance and reinsurance broker Aon is selling its German pension and retirement consulting and investment business to Lane Clark & Peacock LLP (LCP), in another divestment designed to gain European Commission (EC) approval for its acquisition of rival Willis Towers Watson (WTW). Aon and Willis Towers Watson (WTW) announced last week read the full article →

WTW assets to expand Gallagher reinsurance value proposition: CEO

The Willis Towers Watson (WTW) reinsurance related assets that Arthur J. Gallager (AJG) is purchasing are set to significantly expand the brokerages global reinsurance value proposition, CEO Pat Gallagher has said. AJG, or Gallagher's acquisition of a package of divestment assets related to the Aon and Willis Towers Watson (WTW) merger read the full article →