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Q2 2021 money manager M&A activity summary

Q2 2021 money manager M&A activity summary
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The U S is suing Aon for blocking a $ 30 billion purchase of Willis

The U.S. is suing Aon for blocking a $ 30 billion purchase of Willis US government sues Aon over blocking Willis Towers Watson over threat $ 30 billion deal it plans to create the world’s largest insurance broker. The Justice Department said in a complaint Wednesday that the combination would “eliminate significant head-to-head competition and likely lead to higher prices and less innovation, and harm American businesses and their customers, employees and retirees.” Along with Marsh McLennan, Aon and Willis form a trio that “dominate the competition for insurance brokerage for the largest U.S. companies, almost all of which are clients of at least one of them,” the DoJ said.

Aon to shed units in bid to answer regulators issues

Aon to shed units in bid to answer regulators’ issues Aon to shed units in bid to answer regulators’ issues Greg Case cited the merger with Willis Towers Watson as the reason to sell the two businesses. Aon PLC announced on June 3 plans to sell its U.S. retirement consulting business to Aquiline Capital Partners and its Aon Retiree Health Exchange business to Alight Solutions for a total of $1.4 billion. An Aon spokesman confirmed that the deal does not include its outsourced chief investment officer or non-discretionary investment consulting businesses but declined to comment further beyond what was in the news release.

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