A shockwave has ricocheted through the US specialty insurance market. Aon executives have already commented on the matter, playing down the need to divest significantly. Aon CEO Greg Case stated in a 2020 earnings call that the impending merger is expected to be a positive catalyst enabling accelerated innovation on behalf of its clients. Aon had agreed to purchase WTW in a $30bn (£22.9bn) all-share deal in March 2020. Announcing the agreement today, Aon said it resolved questions raised by the European Commission. In the meantime, another regulator has stepped out to declare its concerns about the deal. Aon in the News Gallagher to pay $3.57bn for Aon-WTW divestments THE INSURER - Gallagher will acquire Willis Re, parts of Willis Towers Watson’s Corporate Risk & Broking business and some health/benefits operations, in what is being seen as a decisive step towards closing the Aon-WTW … EC pushes Aon / Willis Towers Watson merger decision date to August 3rd May 2021 - Author: Steve Evans The European Commission (EC) has further extended its deadline to come to a final decision on the Aon acquisition of rival broker and consultancy Willis Towers Watson (WTW), pushing the date into August. Having restarted the clock and extended the deadline for a decision on the process to approve or deny the proposed merger of insurance and reinsurance broking giants Aon … The transaction faces a review once the European Commission’s preliminary review of the deal concludes on 21 December. News Australian regulator delays Aon-WTW merger decision. The merger would therefore concentrate 78 per cent of the S &P/ASX 200 market in just two hands. LONDON, March 9, 2020 /PRNewswire/ -- Aon plc (NYSE:AON) and Willis Towers Watson (NASDAQ: WLTW) today announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80 billion. The combined company, to be named Aon, will focus on the areas of risk, retirement and health News New Zealand extends Aon-WTW merger decision to July. The combined company, to be named Aon, will focus on the areas of risk, retirement and health. The move comes a year after Aon pulled out of discussions regarding a potential merger with WTW, which at the time Aon said it was considering potential opportunities as part of regular evaluations of return on invested capital. The divestments, which total more than $3.5 billion, are being made to move the Aon-WTW merger forward. By the way, the long names for JLT and WTW are in … European Commission Halts Review of Aon-WTW Merger, Awaits Data. Other unknown or unpredictable factors could also cause actual results and developments to differ materially from those expressed or implied by the forward-looking statements. The deadline for approval of the proposed merger of insurance and reinsurance broking giants Aon and Willis Towers Watson (WTW) has been pushed back by … Aon Corporation has announced it has completed its merger of Hewitt Associates with Aon Consulting to create Aon Hewitt. — EC examines Aon/ WTW offer, mentions competition “issues”. European Commission Extends Aon-WTW Merger Decision Deadline to July 27 The European Commission extended the deadline for its investigation into the proposed merger of Aon plc and Willis Towers Watson by 10 working days to July 27, shortly after announcing it would . This copy is for your personal, non-commercial use. 28 categories cover general insurance, SMEs, claims specialists, brokers, underwritersâ ¦ News Aon and WTW join forces in mega merger. Aon (NYSE:AON) and Willis Towers Watson (NASDAQ:WLTW) agree to combine in an all-stock transaction with an implied combined equity value of … — Aon & & WTW concur $3.57 bn sale of assets to Gallagher, consisting of Willis Re. News Aon and WTW join forces in mega merger. US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. The deal was announced in March 2020, with Aon acquiring WTW for $30bn (£21.5bn, €24.7bn). ACCC fears Aon-WTW merger may affect broking competition 22 February 2021 The proposed merger of Aon and Willis Towers Watson (WTW) could lead to adverse outcomes including higher charges for businesses that need specialised risk service from brokers, according to the competition watchdog. The New Zealand Commerce Commission has again delayed the announcement of the findings of its review of Aon’s combination with Willis Towers Watson, … The European Commission (EC), which is closely examining the proposed mega-merger between insurance broking giants Aon Plc and Willis Towers Watson (WTW), will not be releasing its decision on July 27 as previously planned. New Zealand extends Aon / WTW merger decision to July Reinsurance News 09:06 25-May-21 Aon and Willis agree 30-month non-solicitation period with AJ Gallagher The Insurance Insider 17:20 24-May-21 Aon plc – Consensus Indicates Potential 3.9% Upside DirectorsTalk Interviews 10:29 24-May-21 The acquisition sees Aon pay nearly $30 billion, according to Reuters, in an all-stock transaction and the new company will be called Aon. Both domiciled in … The Australia Competition & Consumer Commission (ACCC) has expressed serious concerns over Aon’s ongoing merger with Willis Towers Watson (WTW). Both domiciled in Ireland with headquarters in London, Aon and WTW have Taiwanese subsidiaries, the combination of which won’t be an issue as far as that specific market is concerned. There were several reports yesterday, 5 March, regarding the deal. However, the market is still struggling to understand what impact it will have for the future When Aon and Willis Towers Watson recently announced a mega-merger of an all-stock transaction with an equity value of approximately $30 billion, the merger, among other things, continued an ongoing HR consulting-consolidation trend.. Expected to be finalized within first half of 2021 (post-regulatory approvals), the merger brings together two of the largest commercial insurance brokerages … 73% of industry participants we approached feel regulators will require Willis Towers Watson to sell its reinsurance subsidiary Willis Re if the much publicised mega-merger with Aon is to go ahead. The combined company, to be named Aon, will focus on the areas of risk, retirement and health. April 21, 2021 . Willis Towers Watson shareholders will receive 1.08 Aon shares for each Willis Towers Watson share, which represents a 16.2% premium to Willis Towers Watson's closing share price on 6 March 2020 It is feared the merger might result in price increases or reduced service levels for customers, while also potentially limiting the insurance coverage and pricing that smaller brokers are able to obtain. ... Latest news. 2020-08-27T09:58:00Z. – Aon & WTW cite alt. capital, disintermediation & marketplaces in defence of merger. – Aon & Willis Towers Watson reveal leadership of combined company. – Willis Re divestment seen necessary for Aon – WTW merger to complete. – If Aon / WTW leads to divestitures, AJG seen as “best fit” for Willis Re: KBW. Amwins and Worldwide Facilities announce shock merger. Merger slated for completion in the first half of 2021 . The two broking giants confirmed that a business … The pending acquisition of the vast majority of reinsurance broking unit Willis Re by Arthur J. Gallagher & Co. read more: Aon-WTW merger brings new regulatory decision deadline To alleviate the competitive concerns of regulators, including the United States, Aon and WTW are offloading certain units. Attracting 2,000 guests from all over the country, the BIAs are truly a night for the whole insurance community. The merger was proposed in March 2020 with an agreement to merge operations in an all-stock transaction with an implied combined equity value of about $121 billion (US$80 billion). Read more: Aon-WTW merger gets new regulatory decision deadline. Willis Towers Watson Public Limited Company is an Anglo-American, Irish domiciled global multinational risk management, insurance brokerage and advisory company. Aon and Willis Towers Watson - WTW announced that their respective shareholders voted "FOR" all proposals at their respective extraordinary general meetings and at the special meeting of Willis Towers Watson shareholders ordered by the High Court of Ireland. In what has been described as “a watershed moment,” Amwins Group, Inc. has signed a definitive agreement to … 2 (Aon) and No. Aon; Consultants; ... News Aon, WTW get shareholder approval for merger. Shareholders approve the Aon - WTW merger 31 August 2020 — Andrei Victor Aon and Willis Towers Watson - WTW announced that their respective shareholders voted "FOR" all proposals at their respective extraordinary general meetings and at the special meeting of Willis Towers Watson shareholders ordered by the High Court of Ireland. Aon & WTW agree $3.57bn sale of certain assets to Gallagher Reinsurance News 13:12 12-May-21 Aon/Willis strike $3.6bn deal with Gallagher for remedy assets The Insurance Insider 13:11 12-May-21 Aon & WTW agree $3.57bn sale of assets to Gallagher, including Willis Re Artemis.bm 13:06 12-May-21 The firm said the combined firm would have revenues of $4.3bn (£2.7bn) and a workforce of 29,000 globally. . — EC extends Aon– Willis Towers Watson merger deadline again. Munich Re to Report Q1 Profit Above Consensus . 02/16/21 25-NSE Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial Filing Amendments This is a necessary step before the insurance broker giant crosses the finish line as a merger. Categories: International & Reinsurance News, National News Topics: 2019 M&A, Aon, broker mergers, Business Moves & Mergers, Willis Towers Watson; Have a … It is expected that the Reorganization of the Aon Group described in the Reorganization Proxy Statement will be completed prior to the completion of the combination, such that prior to completion of the combination, Aon Ireland will be the publicly traded parent company of the Aon Group. Aon agreed Monday to acquire rival Willis Towers Watson for almost $30 billion in stock, the biggest global M&A deal of the year announced on one of … 4 "The combination of Willis Towers Watson and Aon is a natural next step in our journey to better serve our clients in the … Aon's proposed acquisition of Willis Towers Watson (WTW) is set to undergo an in-depth probe by European Union (EU) regulators due to its complexity, sources have told Reuters. The transaction is designed to aid the Aon and Willis Towers Watson (WTW) merger, which was initiated in March 2020 and remains incomplete due to regulatory investigations. Willis Towers Watson's (WTW) shareholders have hit the company with a series of lawsuits over its merger with Aon. Aon said the Phase II review is a common next step “for a transaction of this size and complexity under EU Merger Regulation…” However, the broker said it … Orbem News - Orbem News delivers breaking news, Find the latest information on the headlines, top stories, weather, business, entertainment, politics, and more The British Insurance Awards. 29th March 2021 - Author: Steve Evans Aon and Willis Towers Watson (WTW) are making progress in developing a remedy proposal for European Commission regulators, as the pair look to be proactive in making concessions to get the merger completed, according to reports. Source: Reuters. 3 (Willis Tower Watson) brokers have announced a merger worth $30Bln. Aon-WTW merger comes down to divestment deals By Jon Guy 2021-04-28T11:37:00 Smaller brokers may be able to pick up bargains as Aon and WTW look to dispose operations to get merger green light When we last reported on the $30 billion proposed combination of Aon and Willis Towers Watson (WTW) it was when the European Commission extended their deadline for a decision on the merger … Specialist antitrust and mergers and acquisitions (M&A) publisher, CTFN, has reported that Aon and Willis Towers Watson (WTW) believe that leadership at the US Department of Justice (DOJ) is unlikely to challenge their proposed combination. 2021-05-25T11:15:00Z. EQT closes latest private equity fund at $18.7 billion ... a news release said Wednesday. Aon/WTW to divest $3.6bn of assets to Gallagher ahead of merger 12-05-2021 14:43 via insuranceage.co.uk The sale includes Willis Re and is intended to address questions raised by regulators including the European Commission. Under the deal, the two entities will combine under the Aon name and focus on the core areas of risk, retirement, and health. ... Disruption likely to be a result of Aon-WTW merger The $30bn broker mega-merger of Aon and Willis Towers Watson is making slow progress towards completion. Aon plc confirmed that the European Commission (EC) has initiated a review of the company’s proposed $30 billion bid for Willis Towers Watson. ReMetrica and Igloo are the leading platforms among UK general insurers February 10, 2021 - Republish on ... Latest News . ACCC delays date to release Aon-WTW merger findings 26 April 2021 The competition watchdog has dropped May 27 as the date to announce the outcome of its findings looking at how the proposed Aon-Willis Towers Watson merger may affect commercial insurance broking in Australia. The merger of insurance and reinsurance broking and consultancy giants Aon and Willis Towers Watson (WTW) continues to be looked at by watchdogs, with the Competition and Consumer Commission of Singapore the latest to assess the deal.The Competition and Consumer Commission of Singapore has issued a consultation on the proposed merging of Aon with rival […]
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