aon willis merger 08 Aon shares for each of their shares, with existing Aon investors owning about 63% of Aon and Willis Towers Watson have announced the executive team that will lead them when the two global re/insurance brokers merge. Aon will have to work hard to convince corporate customers of the value offered by its planned $30bn acquisition of rival broking firm Willis Towers Watson (WTW), as they face up to life without another broker in an already concentrated international market. The merger is set to be completed and closed by mid-2021. However, the market is still struggling to understand what impact it will have for the future Aon declined to comment on the matter and said that closing is still on track for closing in the second quarter. This section of WTW’s website is designated for the publication of documents and information in connection with the Proposed Combination. The entities anticipate significant synergies from the merger and want to focus partly on innovation. With the $30 billion Aon-Willis Towers Watson merger on Monday, bigger continues to be better in the insurance agent-broker M&A marketplace. 4, KBW posits on Aon selling Willis Re to gain EU approval on WLTW merger. Aon reported US$11 billion in revenue with US$2. S. , Canada and Puerto Rico) +1 833 751 8114 Willis Towers Watson Investor Relations Claudia Delahoz Claudia. This is the scenario visualized by Mazars Deal Advisory – M&A director Simon Should this new deal fall through, Aon will have to pay $1 billion to Willis Towers Watson. The Australian Competition and Consumer Commission said it delayed a deadline on its investigation into the proposed merger between brokers Aon plc and Willis Towers Watson while it waits for . It would also be the largest deal EU antitrust regulators have suspended their investigation into Aon's $30 billion bid for Willis Towers Watson while they wait for the U. I had conversations with Aon people the morning this deal was announced where they talked about who Willis Re would be sold to. N $30 billion bid for Willis Towers Watson WLTW. Willis Towers Watson’s financial advisor in respect of the Proposed Combination was Goldman Sachs & Co. The European Commission has pressed the pause button on its Phase II review of Aon’s proposed $30bn takeover of Willis Towers Watson while it awaits new information. Aon Media Contact [email protected] Charlie Thomas, 11 December 2018. The $30bn broker mega-merger of Aon and Willis Towers Watson is making slow progress towards completion. Gregory Case, Aon’s chief executive officer, will be CEO of the The European Commission has pressed the pause button on its Phase II review of Aon’s proposed $30bn takeover of Willis Towers Watson while it awaits new information. . Europe's antitrust regulator has extended the deadline for its review of Aon's (NYSE:AON) planned purchase of Willis Towers (NASDAQ:WLTW) until July 27. The Aon and Willis Towers Watson (WTW) deal, which will be the largest insurance and reinsurance broker merger or acquisition in history, is now attracting significant attention from investors in the merger arbitrage and event driven hedge fund space. As stated previously, Aon's and Willis Towers Watson's businesses are complementary, operating across broad, very competitive areas of the economy, and Aon remains confident of a positive outcome Advisory firm Aon has acquired its peer Willis Towers Watson in an all-stock deal, the two firms announced Monday. The merger parties, Aon and Willis Towers Watson, were said by our sources to be keen to get ahead of any statement of objections, with an offer being readied. Receive instant FREE access to constantly updated AON and WLTW news related to the current merger deal. com Aon plc’s announced agreement to acquire Willis Towers Watson in early March for $30-billion in an all-stock deal raises a host of interesting speculative possibilities for Canada’s reinsurance Last year, Aon plc (AON) and Willis Towers Watson (WLTW) agreed to combine in an all-stock deal with an implied combined equity value of approximately $80 billion. Willis Towers Watson's (WTW) shareholders have hit the company with a series of lawsuits over its merger with Aon. Aon and WTW are professional services firms that provide insurance, reinsurance and employee benefits (retirement benefits, health and welfare and human capital) broking and associated advisory or consulting services. 36 billion catastrophe bond to address earthquake risk in Latin America, is one example of creative new ways to access capital. 08 Aon shares for each of their shares, with existing Aon investors owning about 63% of These had been the phrases of Aon Plc and Willis Towers Watson (WTW) when the merging brokerage giants issued a proxy complement regarding their pending enterprise mixture. On March 5, 2019, Aon confirmed it was exploring a tie-up with Willis but one day later, it called off the talks. Get the latest updates on the Aon and Willis Towers Watson merger. The Aon and Willis Towers Watson deal had an implied combined equity value of approximately $80 billion at the announcement date and a transaction This week, we revealed that Aon/Willis Towers Watson are looking to separately divest a block of Willis' European businesses and Willis Re, as they work to get their mega merger approved by regulators in the face of competition concerns. Aon and Willis Towers Watson have announced the executive team that will lead them when the two global re/insurance brokers merge. insurance broker to provide data required for the case. 26, 2020 (GLOBE NEWSWIRE) -- Aon plc (“Aon”) (NYSE: AON) and Willis Towers Watson Public Limited Company (“Willis Towers Watson”) (NASDAQ: WLTW) today announced that Aon’s innovation in insurance linked securities, like the partnership with the World Bank that introduced a $1. Willis Towers investors will receive 1. Aon confirms $30bn purchase of Willis Towers Watson 09 Mar 2020 Related: Aon agrees to purchase Willis Towers Watson in $30 billion deal And while no one will be forced to lose their jobs, the company is also making it hard for employees to pass on the salary Aon - WTW merger review extended by Australian regulator: 00:35: Australian Competition Regulator Delays Aon-Willis Review: Fr: Form 8. Aon and WTW are two of the three largest providers of commercial risk, reinsurance and employee benefits broking and advisory services globally, including in Australia. If the deal is approved, the combined company, named Aon, will have more than $20 billion in revenue. March 16, 2021 There are still lingering concerns about the agreed Aon merger with Willis Towers Watson among US Department of Justice (DOJ) officials, according to a report by the publication Capitol Forum that cited sources close to the federal government. Aon, Willis Towers Watson strike merger deal COVID-19 nerves could spark more manager deals Retail growing in importance post mergers Recommended for You The Aon-Willis Tower Watson proposed merger, valued at nearly $30 billion, is reportedly facing a full-scale review by the EU commission, according to Reuters. A comprehensive investigation by the European Commission will follow a preliminary review, which is slated to end on 21 December 2020, reported Reuters, citing two undisclosed sources European Union antitrust regulators have set a deadline of July 27 for their decision on the Aon–Willis Towers Watson mega-merger. Law360 (April 12, 2021, 6:53 PM EDT) -- U. In August, WLTW shareholders approved the proposed combination, which was announced in March . Risk managers responded cautiously to the news of the planned nearly $30 billion merger between Aon PLC and Willis Towers Watson PLC, pointing out it raises concerns about the reduced competition 19 April 2021 Department of Justice building The US Department of Justice (DoJ) has intervened in the proposed merger of Aon with Willis Towers Watson, demanding divestitures in addition to those Recall Jan. Meanwhile, in merger documents sent in to the Commission, Aon and Willis Towers Watson have outlined their future leadership team. In December, the European Commission opened an in-depth investigation to assess the proposed acquisition, under the EU Merger Regulation. Aon and Willis Towers Watson have jointly announced the leadership team of the company that will emerge once its proposed combination is completed and the plan laid out perhaps suggests that the At $30 billion, the deal with Willis (NASDAQ:WLTW) would make Aon the largest insurance broker in the world, effectively putting Marsh McLennan in second place. 3 - The Vanguard Group, Inc. Reports then emerged in late March that this remedy package was being constructed for submission to the European Commission , which as we said at the time was making progress. Aon and Willis Towers Watson’s (Willis) $30bn merger will reportedly come under a full-scale probe by the antitrust regulators of the European Union (EU). Gregory Case, Aon’s chief executive officer, will be CEO of the Mar 9, 2020 7:38AM EDT (RTTNews) - Aon plc (AON) and Willis Towers Watson (WLTW) have agreed to combine in an all-stock deal with an implied combined equity value of approximately $80 billion. Willis Towers Watson Media Contact Miles Russell Credit Suisse landed its first deal of more than $10 billion in the insurance space in the last 10 years with its work on the Aon PLC side of the pending mega-merger with Willis Towers Watson PLC. The European Commission has extended the deadline for its probe into the $30 billion merger between Aon PLC and Willis Towers Watson after the global insurance brokers offered fixes to address The merger between Aon and Willis Towers Watson will create the market’s largest HR consulting firm and insurance broker. Insurance brokerage PLC has agreed to merge with rival Willis Towers Watson an all-stock transaction valued at roughly $30 billion, a year after discussions of a planned takeover fell through. The probe started in October 2020, but now the Australian competition watchdog has expressed concerns on the impact the merger can have on the country’s supply of services. At the close of the deal, which is expected in the first half of 2021, the combined firm will have a total equity value of $80bn. Aon-Willis Towers Watson $30 billion megadeal signals ‘wake-up’ call for brokers, advisers. Under the terms of With reports suggesting that Aon has submitted a remedy offer to the US Department of Justice Antitrust Division, as it seeks to gain approval for its planned acquisition of rival Willis Towers Watson (WTW) and negotiations ongoing with the European Commission, it looks like the merger parties are going to have a very busy few weeks as global Aon plc AON has entered into an agreement with Willis Towers Watson Public Limited Company WLTW to merge in an all-stock deal, which is expected to serve clients better. 19 Feb 2021 Is the Aon-Willis Towers Watson merger in jeopardy? The Australian Competition & Consumer Commission (ACCC) has taken aim at the merger  12 Apr 2021 from industry and consumers on the $30 billion acquisition of insurance broker Willis Towers Watson PLC by its rival Aon PLC as it considers  26 Mar 2021 Willis Towers Watson <<WLTW>> and Aon <<AON>> are reportedly making progress in reaching a remedy that would allow the two insurance  3 Mar 2021 Aon will face a list of objections by the EU's antitrust watchdog which it must or third competitor to merge, they would need to replace Willis. com Toll-free (U. K. Aon will maintain operating headquarters in London, United Kingdom. Aon had scrapped plans last year to pursue a merger with Willis, a day after media reports forced it to reveal it was in the early stages of considering an all-stock offer for the Irish-domiciled UK-based insurance broker Aon said on Monday it would buy Willis Towers Watson for nearly $30 billion in an all-stock deal that creates the world’s largest insurance broker and adds scale in a Credit Suisse landed its first deal of more than $10 billion in the insurance space in the last 10 years with its work on the Aon PLC side of the pending mega-merger with Willis Towers Watson PLC. The deal is the insurance sector’s largest ever merger. 7bn). June 12 2020 by Nick Ferguson. The Australian Competition & Consumer Commission (ACCC) has taken aim at the merger of financial services giants Aon and Willis Towers Watson (WTW). Aon and WTW operate in Australia and globally. John Haley will take on the role of Executive Chairman with a focus on growth and innovation strategy. 2% to Willis Towers Watson’s closing share price on March 6, 2020 The Australian Competition and Consumer Commission (ACCC), the regulatory watchdog reviewing the Aon-Willis merger for domestic antitrust issues, has postponed the publication of its findings from Both domiciled in Ireland and headquartered in the UK, Aon and WTW operate in more than 120 and 140 countries, respectively. Following the acquisition news and events section, there are in-depth company profiles. Insights. Proposed combination of Willis Towers Watson plc (“WTW”) and Aon plc (“Aon”), (the “Proposed Combination”). thevoiceofinsurance. And Towers Watson was the new name of  9 Mar 2020 When Worlds Collide: AON & Willis Towers Agree Merger Deal names within the insurance world announced a merger today, which will see  This Week In Insurance Tech: Aon & Willis Agree To $30B Merger, AmTrust Exits Personal, State Farm Partners With US Bank. Just in the last two weeks, we’ve heard from numerous global investment fund managers wanting to explore what the potential outcomes of this merger deal may be, as well as what opportunities the range of different scenarios could present to Aon Plc said on Tuesday it is in early stages of considering an offer for rival insurance brokerage Willis Towers Watson Plc. com +1 312 381 3310. The combined entity, which will be called Aon, will be led by Aon’s chief Aon is set to buy Willis Towers Watson for $30bn (£22. : Aon plc: SummaryAon proposes to combine with Willis Towers Watson. N $30 billion bid for Willis Towers Watson WLTW. 9bn) in an all-stock transaction which values the combined businesses at approximately $80bn (£61. The European Commission (EC) is currently conducting an antitrust review of Aon’s proposed $30 billion bid for Willis Towers Watson. Divesture of Willis Re, likely to AJG (or prior to the reunification Capsicum) has always been on the cards. 08 shares in Aon for every share they held in the Aon's $30 billion bid for Willis Towers Watson to create the world's largest insurance broker faces a five-month long investigation after EU antitrust regulators voiced concerns that the deal may Singapore's Competition Body Weighs $30B Aon-Willis Merger Law360, London (April 12, 2021, 1:18 PM BST) -- Singapore's competition watchdog has asked for responses from industry and consumers on Consultants Aon and Willis Towers Watson received shareholder approval for their merger, set for completion in the first half of 2021. 9 billion merger. The European Commission is extending the A merger of Aon and Willis would leapfrog Marsh to form the largest such firm in the world. Willis Re will be sold as Willis Towers Watson and Aon seek to secure the necessary regulatory approvals to seal their mega-merger, this publication understands. To do so, WLTW’s shareholders will receive 1. The deal was first mooted   17 Dec 2020 The Aon-Willis Tower Watson proposed merger, valued at nearly $30 billion, is reportedly facing a full-scale review by the EU commission,  29 Sep 2020 Irish-domiciled insurance broker Aon Plc will be acquiring an also Irish-domiciled insurance broker Willis Towers Watson Plc. Well, the reverse happened to Aon and Willis Towers Watson, which announced their $30 billion merger Monday, only to have it smothered by news of the biggest drop in the stock market since the 2008 financial crisis, amid continuing fears about the coronavirus and, for good measure, an oil price war between Russia and Saudi Arabia. Singapore’s competition regulator on Friday launched a public consultation over Aon’s proposed $30bn acquisition of Willis Towers Watson, and said it would assess whether the proposed transaction Analysts at KBW have pointed to Arthur J Gallagher as a likely buyer of Willis Re, if the investigation currently being carried out by EU regulators forces Aon and Willis Towers Watson (WTW) to make divestitures ahead of their planned merger. It’s the insurance business that Aon were after, not the ORI. The suits allege that Willis and its directors filed incomplete and misleading information with the It was with interest that I read Mark Geoghegan’s assessment of the Aon Willis merger in his September column, The $72bn broker, on The Voice of Insurance (https://www. 26 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. Reuters has today revealed that a European Commission filing shows that EU regulators have extended their deadline on Aon’s $30 billion bid for its rival. As the merger between Aon and Willis Towers Watson requires the approval of the European Commission, the two partners plan to sell, DUBLIN, Ireland, Aug. The potential all-stock transaction is at a preliminary stage and there Willis Towers was itself formed in 2016 in an $8. JLT hires Kvam for aerospace role . As well, Willis Towers Watson has innovated through their catastrophe bonds for corporate risk. A brand new SEC (US Securities and Change Fee) submitting by Aon cites 5 complaints, which had been all filed in courts by purported WTW shareholders. 08 shares of Aon at a fixed exchange ratio ; Total consideration of $231. 1bn). Each Aon's $30 billion bid for Willis Towers Watson to create the world's largest insurance broker faces a five-month long investigation after EU antitrust regulators voiced concerns that the deal may Aon buys Willis for $30 billion in world's largest insurance deal The acquisition, the insurance sector's largest ever, unifies the second and third largest brokers globally into a company worth Recall Jan. 3 - The Vanguard Group, Inc. Australian regulator delays Aon-WTW merger decision. The deal has an implied combined equity value of approximately $80 billion. Sources said that the business The US Department of Justice (DoJ) has intervened in the proposed merger of Aon with Willis Towers Watson, demanding divestitures in addition to those set out by the European Commission (EC), sources told this publication. The Australian Competition Consumer Commission (ACCC) has again delayed the announcement of its findings of its review of Aon’s merger with Willis Towers Watson (WTW), with the regulator commenting it is awaiting further information from the parties. The industry has seen an uptick in consolidation over the last few years, with the latest transaction involving two of the world’s largest insurance brokerages combining to create the world’s largest commercial insurance broker. There have been several shareholder lawsuits filed over the mega-deal. The two broking giants confirmed that a business combination was being pursued back in March 2020. 4 billion net income for Willis Towers Watson. As we’ve previously written, competition related concerns are said to Australia’s Competition Commission Delays Deadline for Aon-WTW Merger Probe The Australian Competition and Consumer Commission said it delayed a deadline on its investigation into the proposed merger between brokers Aon plc and Willis Towers Watson while it waits for . [email protected] On Tuesday afternoon, Aon confirmed a report that it was considering a tie-up with Willis Towers Watson. . Howard and Andrew G. Upon completion, Aon shareholders BRUSSELS, Dec 21 (Reuters) - EU antitrust regulators opened on Monday a full-scale investigation into Aon's AON. Aon was required to disclose its interest in 2 days ago As the merger between Aon and Willis Towers Watson requires the approval of the European Commission, the two partners plan to sell, 9 Apr 2021 invitation to the public to give feedback on the proposed merger of global professional-service firms Aon and Willis Towers Watson (WTW). Companies Aon Willis Towers Watson Topic Mergers and Acquisitions This is the second run at an Aon-Willis Towers Watson merger. Aon plc (NYSE: AON) and Willis Towers Watson (NASDAQ: WLTW) today announced a definitive agreement to combine in an all-stock transaction (the "Proposed Combination") with an implied combined Australia raises competition concerns for Aon-Willis merger 18 Feb 2021. Now read: A 21 Aon (NYSE:AON) and Willis Towers Watson (NASDAQ:WLTW) agree to combine in an all-stock transaction with an implied combined equity value of $80B. Brokers. 5 Mar 2019 Aon Plc is considering a combination with rival insurance brokerage Willis Towers Watson Plc, in what could be the industry's largest ever  10 Mar 2020 Aon agreed to buy rival insurance broker Willis Towers Watson for nearly $30 billion in stock. Willis Towers investors will receive 1. Aon-WTW merger – a Gordian Knot the market has yet to fully unravel. M&A. Read more at The Business Times. K. (Willis) in what  15 Feb 2021 In March last year, Aon and Willis Towers Watson announced their intention to merge in a $30 billion deal. March 11, 2020 Ambrogio Visconti. 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 BRUSSELS (Reuters) -The European Union’s antitrust regulators are to open a full-scale investigation into Aon’s $30 billion bid for Willis Towers Watson to create the world’s largest insurance The combination of Aon and Willis Towers Watson will better position the firm to meet the unprecedented demand from clients for new solutions, while continuing to foster the Aon United culture. Aon plc has yet to complete its proposed acquisition of Willis Towers Watson plc, but the future management team of the combined brokerage is already starting to collaborate, Aon CEO Greg Case An invaluable data source for traders & investors looking to familiarize themselves with the AON ( AON) merger with Willis Towers Watson ( WLTW ) and trade the merger arbitrage spread. 18 February 2021. Aon and Willis Towers Watson ranked second and third respectively with $11 billion and $9 billion in annual revenue. 99 per Willis Towers Watson share based on Aon’s closing stock price on March 6, 2020. The Aon and Willis Towers Watson deal had an implied combined equity value of approximately $80 billion at the announcement date and a transaction Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, confirmed today that the European Commission (EC) has initiated a Phase II review in connection with its combination with Willis Towers Watson Public Limited Company. com +1 215 246 6221. Aon had scrapped plans last year to pursue a merger with Willis, a day after media reports forced it to reveal it was in the early stages of considering an all-stock offer for the Irish-domiciled Aon-Willis Towers Watson merger faces lawsuits By David Robinson 2020-06-22T09:08:00 Plans for a takeover deal worth some US$30bn of two major insurance brokerage groups have hit a possible hurdle as at least three shareholder lawsuits have been filed opposing the approach by Aon to acquire Willis Towers Watson. The European Commission is extending the Aon-WTW merger hit by class action lawsuits. Bernard Goyder, 16 March 2021. - Aligns Aon United and Willis Towers Watson growth strategies to accelerate innovation from both organizations to benefit clients - Combines diverse colleague experience and shared values to drive distinctive outcomes for clients - Enables delivery of complementary capabilities that unlock new sources of value for all stakeholders - Maintains ongoing commitment to long-term financial goals of 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 just over two months, as a package of 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 and European Union antitrust regulators have set a deadline of July 27 for their decision on the Aon - Willis Towers Watson mega-merger. 5bn, €24. Aon’s $80 Billion Merger With Willis Towers Watson. Why it matters: It's the largest merger so far in  14 Apr 2021 Having restarted the clock and extended the deadline for a decision on the process to approve or deny the proposed merger of insurance and  31 Aug 2020 Aon and Willis Towers Watson Merger Moves One Step Closer The merger of two of the largest broker and professional services firms overcame  16 Dec 2020 Aon and Willis Towers Watson's (WTW) $30bn merger will reportedly come under a full-scale probe by the antitrust regulators of the European  7 Oct 2020 The merger between Aon and Willis Towers Watson will create the market's largest HR consulting firm and insurance broker. Having received shareholder approval, the deal – which is the largest ever in the landscape – sees Aon buy rival Willis Towers Watson for $30 billion in an all-stock transaction. Spokesmen for the firms did not return requests for comment on how the investment consulting groups would be impacted by the merger. Brokerage companies Aon Plc and Willis Towers Watson confirmed their merger in 2019, in the meantime Aon CEO Greg Case talks about the benefits of the union Keep on reading Trawick International partners with TravelInsurance. The board of directors will comprise proportional members from Aon and Willis Towers Watson’s current directors. 9, 2020, 07:38 AM (RTTNews) - Aon plc (AON) and Willis Towers Watson (WLTW) have agreed to combine in an all-stock deal with an implied combined equity value of approximately $80 billion. Last year, Aon plc (AON) and Willis Towers Watson (WLTW Aon, Willis Announce Leadership Team for Post-Merger Brokerages January 28, 2021 In anticipation of their proposed merger receiving final approval, insurance brokers Aon and Willis Towers Watson announced the future leadership team for the firm that will be effective following the close of the merger, which they expect to occur before the end The merger of two of the largest broker and professional services firms overcame a significant hurdle in the firms’ efforts to join forces. That didn’t stop UK insurance broker Aon last month from offering nearly $30 billion in an all-stock deal for rival Willis Towers Watson in the biggest M&A deal of the year to date and the largest ever in the insurance industry. Each U. The investigation, which could take The Aon-Willis merger could be the largest among insurance brokers amid volatility surrounding Britain's impending exit from the European Union and trade tensions between Beijing and Washington Aon is to acquire Willis Towers Watson in an all stock deal worth nearly $30bn. Here's what happened. Aon Investor Relations Investor. 2021-02-18T11:54:00Z. Aon’s Greg Case will become the new CEO, while Aon’s Christa Davies will be appointed the CFO. Aon’s market value tops $37 billion while Willis’ exceeds $23 billion. Aon had scrapped plans last year to pursue a merger with Willis, a day after media reports forced it to reveal it was in the early stages of considering an all-stock offer for the Irish-domiciled Eric Andersen and Alexis Faber Aon PLC and Willis Towers Watson PLC on Wednesday named the senior executives that will serve under CEO Greg Case and CFO Christa Davies once the proposed $30 billion Aon intends to combine with Willis in an all-stock deal valued at about $30 billion that is expected to be completed in the first half of 2021, subject to regulatory approvals. to complete its merger with Aon, which is currently being investigated by the European Commission due to Aon’s $30 billion Willis deal in EU antitrust crosshairs (Reuters) – Aon PLC’s $30 billion bid for Willis Towers Watson PLC to create the world’s largest insurance broker faces a five-month-long Europe's antitrust regulator has extended the deadline for its review of Aon's (NYSE:AON) planned purchase of Willis Towers (NASDAQ:WLTW) until July 27. Aon and Willis Towers Watson announced Aug. The ACCC is concerned that the proposed merger will significantly lessen competition in the supply of these services in Australia. 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 the wildest days for markets in recent memory. The ACCC has preliminary competition concerns with Aon plc’s (Aon) proposed merger with Willis Towers Watson plc (WTW). The industry has seen an uptick in consolidation over the last few years, with the latest transaction involving two of the world’s largest insurance brokerages combining to create the world’s largest commercial insurance broker. Implies a premium of 16. Topics. The merger will combine the industry’s second and third largest brokers, creating a new industry-leading company worth almost $80bn. A merger of Aon and Willis would leapfrog Marsh to form the largest such firm in the world. The actions have prompted a rash of news coverage and even some fears that the dea Normally, tumultuous markets are bad for mergers and acquisitions, since valuations are hard to pin down. This is the second run at an Aon-Willis Towers Watson merger. . Shareholders voted for all proposals at the firms Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, confirmed today that the European Commission (EC) has initiated a Phase II review in connection with its combination with Willis Towers Watson Public Limited Company. By Wednesday morning, the firm said it changed its mind. : Aon plc: Australia’s Competition Commission Delays Deadline for Aon-WTW Merger Probe. 9 Mar 2020 This three-named firm itself was the result of the merger of Willis Group and Towers Watson in 2016. “In March of last year when we first Shareholders of both firms approved the merger in August. Aon intends to combine with Willis in an all-stock deal valued at about $30 billion that is expected to be completed in the first half of 2021, subject to regulatory approvals. LLC and its legal advisors were Weil, Gotshal & Manges LLP, Skadden, Arps, Slate, Meagher & Flom The combined company, to be named Aon, will be the premier, technology-enabled global professional services firm focused on the areas of risk, retirement and health. In August, WLTW shareholders approved the proposed combination, which was announced in March . Aon’s market value tops $37 billion while Willis’ exceeds $23 billion. The all-share deal, which will see Willis Towers Watson shareholders given 1. 26 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. Week in 90 seconds. The new combination would see two of  17 Mar 2020 The merger of Aon and Willis Towers Watson (WTW), announced on March 9, was overshadowed by the massive oil price crash the same day  2 Apr 2020 For the Aon-Willis merger to be successful the broad spectrum of needs CEO Mary Roth said both Aon and Willis Towers Watson have been  27 Aug 2020 Aon and Willis Towers Watson shareholders have approved the proposed merger of their businesses which was announced earlier in March. According to a note on its (Reuters) - 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 The Aon and Willis Towers Watson (WTW) deal, which will be the largest insurance and reinsurance broker merger or acquisition in history, is now attracting significant attention from investors in the merger arbitrage and event driven hedge fund space. Now read: A 21 Willis Towers was itself formed in 2016 in an $8. Having received  23 Mar 2020 Industry sources expect upheaval for clients and employees as executives work through Aon's purchase of Willis Towers Watson. Aon - WTW merger review extended by Australian regulator: 00:35: Australian Competition Regulator Delays Aon-Willis Review: Fr: Form 8. 21, 2020 -- Aon plc (NYSE: AON), a leading global professional services February 9, 2021 by L. -- This content requires a subscription--Already a subscriber? Aon and Willis Towers Watson are to merge their businesses in an all-stock deal. THE Competition and Consumer Commission of Singapore (CCCS) is extending an invitation to the public to give feedback on the proposed merger of global professional-service firms Aon and Willis Towers Watson (WTW). Case and Christa Davies GVNW president Alexander Mahnke. The transaction will 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. S. The European Commission is extending the It looks like the monstrous union of broking titans Aon and Willis Towers Watson will be spawning deals for a while. 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. O to create the world's largest The merger: Aon and Willis Towers Watson have agreed to conform a new entity, called “Aon,” where current shareholders of Aon will have the 63% of the new entity, and WLTW’s shareholders will own the 37% of the new company. . Aon and Willis are the second and third largest insurance brokers in the world. Related stories: Aon-Willis mega-merger decision deadline announced 12 April 2021 Aon and Willis Towers Watson have proposed the sale of elements of the Willis finpro, cyber and aerospace units as they seek to secure approval from the European Union for their $30bn Willis Re will be sold as Willis Towers Watson and Aon seek to secure the necessary regulatory approvals to seal their mega-merger, this publication understands. If the deal is approved, the combined company, named Aon, will have more than US$20 billion in revenue. Aon The merger of two of the largest broker and professional services firms overcame a significant hurdle in the firms’ efforts to join forces. [email protected] 10 Mar 2020 Aon/Willis will amp up competition because it will have broader scope than the companies did on their own and will put pressure on everyone to  8 Jul 2020 Justice (DOJ) has issued a so-called “second request” to Aon and Willis Towers Watson (WTW) over their merger, with the parties conceding  9 Mar 2020 Several European companies have braved the broader market volatility to make big bets recently. Simpson. The Australian Competition & Consumer Commission (ACCC) is not the first to raise significant concerns about the merger, as similar issues had been raised by the New Zealand Commerce Commission as well. Risk managers across Europe are already reeling from the impact of a rapidly hardening market across many key lines and need a competitive and innovative broking sector more now than for a long time. The Australian Competition and Consumer Commission (ACCC), the regulatory watchdog reviewing the Aon-Willis merger for domestic antitrust issues, has postponed the publication of its findings from Europe's antitrust regulator has extended the deadline for its review of Aon's (NYSE:AON) planned purchase of Willis Towers (NASDAQ:WLTW) until July 27. Willis Towers Watson shareholders will get Sign The Australian Competition and Consumer Commission (ACCC), the regulatory watchdog reviewing the Aon-Willis merger for domestic antitrust issues, has postponed the publication of its findings from Aon Hewitt has agreed to buy Willis Towers Watson months after talks between the two insurance companies collapsed. It’s been reported that insurance and reinsurance broker Aon made a proactive remedy offer to the US Department of Justice Antitrust Division regarding its impending acquisition of Willis Towers 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 and Willis Towers Watson 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. O to create the world's Mar. Aon and Willis Towers Watson announced Aug. Aon and Willis are the second- and third-largest insurance brokers by revenue. The deal was announced in March 2020, with Aon acquiring WTW for $30bn (£21. 4, KBW posits on Aon selling Willis Re to gain EU approval on WLTW merger. According to a note on its website, the postponement took place with immediate effect from February 8. March 11, 2020. This is about better,” said Greg Case, chief executive officer, Aon, during an analysts’ call on March 9, the day the merger was announced. 08 shares of the new Aon in exchange for every share of WLTW they have. Aon will be the surviving entity. The combined firm, which will operate as Aon, will be led by current Aon CEO Gregory C. S. : Aon plc: The Aon-Willis merger is still some months away from completion. Insurance Day. The Australian Competition and Consumer Commission (ACCC), the regulatory watchdog reviewing the Aon-Willis merger for domestic antitrust issues, has postponed the publication of its findings from the originally scheduled May 27. 9 billion merger. The $30 billion, all-stock acquisition merges two of the world’s leading brokers. 2021-04-23T13:42:00Z. Aon’s financial advisor in respect of the Proposed Combination was Credit Suisse Securities (USA) LLC and its legal advisors were Latham & Watkins, LLP, Freshfields Bruckhaus Deringer LLP and Arthur Cox. 5 Nov 2020 A major talking point in the UK pension fund industry right now is the planned merger of two of its leading consulting houses, Aon Willis Towers  9 Mar 2020 Aon is to buy Willis Towers Watson for $30bn in an all-share deal that will combine the world's second and third-largest insurance brokers into  The merger will combine the industry's second and third largest brokers, creating a new industry-leading company worth almost $80bn. DISCLAIMER NOTICE. The two-become-one story of insurance broking giants Aon Plc and Willis Towers Watson (WTW) is still a few pages away from its ending, the timing of which will dictate what happens to its board of Each Willis Towers Watson share will be exchanged for 1. Reuters has today revealed that a European Commission filing The Aon and Willis Towers Watson Combination Business and public sector leaders are operating in an increasingly interdependent world with unparalleled complexity and unforeseen risks. The Aon-Willis Towers deal was announced on  5 Aug 2020 Brokerage companies Aon Plc and Willis Towers Watson confirmed their merger in 2019, in the meantime Aon CEO Greg Case talks about the  . After more than a year of back-and-forth negotiations, which included tentative discussions, delays after press leaks and haggling over the price that gyrated between Aon seeking a merger of equals Glass Lewis's report called the proposed merger "strategically and financially compelling and structured in a reasonable manner which impacts an acceptable valuation and ownership split for WLTW Aon intends to combine with Willis in an all-stock deal valued at about $30 billion that is expected to be completed in the first half of 2021, subject to regulatory approvals. The Phase II review is a common next step in the review process for a transaction of this size and Aon-Willis merger 'set to face EU competition probe' 16 Dec 2020. -based insurance broker Aon Plc said on Monday it would buy Willis Towers Watson for nearly $30 billion in an all-stock deal that creates the world’s largest insurance broker and adds scale in Aon Confirms the European Commission Has Initiated a Phase II Review of Combination with Willis Towers Watson DUBLIN, Dec. The Aon and Willis Towers Watson (WTW) merger will “significantly lessen competition” in the supply of commercial risk, reinsurance and employee benefits broking, the Australian Competition & Consumer Commission is concerned. Aon - WTW merger review extended by Australian regulator: 00:35: Australian Competition Regulator Delays Aon-Willis Review: Fr: Form 8. THE INSURER - Companies around the world are undergoing “a fundamental reordering of priorities” as Recent reports suggest that Willis Towers Watson will have to offload Willis Re Ltd. It was in March 2019 when Aon Plc confirmed it was in the early stages of considering an all-share business combination with Aon had scrapped plans last year to pursue a merger with Willis, a day after media reports forced it to reveal it was in the early stages of considering an all-stock offer for the Irish-domiciled With the $30 billion Aon-Willis Towers Watson merger on Monday, bigger continues to be better in the insurance agent-broker M&A marketplace. BRUSSELS, Dec 15 (Reuters) - The European Union's antitrust regulators are to open a full-scale investigation into Aon's AON. insurance giant Aon has offered European enforcers a package of fixes for its planned $30 billion purchase of rival Willis Towers Watson after the 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. Willis Towers Watson was formed in 2016 through the $18-billion merger of Department of Justice concerns remain over Aon-Willis merger: report. A year ago on March 5, Aon confirmed it was exploring a tie-up with Willis but one day later, it called off the talks. 3 - The Vanguard Group, Inc. 2 billion net income for 2019 compared to US$9 billion revenue and US$1. Sources said that the business that will be disposed of will include both the ~$700mn Willis Re treaty business and the ~$300mn facultative book, which currently sits within insurance Aon-Willis Towers Watson merger faces lawsuits By David Robinson 2020-06-22T09:08:00 Plans for a takeover deal worth some US$30bn of two major insurance brokerage groups have hit a possible hurdle as at least three shareholder lawsuits have been filed opposing the approach by Aon to acquire Willis Towers Watson. Willis Re’s James Kent will take senior role as Aon executives outnumber peers two-to-one Aon leaders to pack new exec committee after Willis merger :: Insurance Day We use cookies to improve your website experience. Aon, WTW confirm new leadership line-up for when merger completes. . Aon Aon and Willis are the second and third largest insurance brokers by revenue. aon willis merger


Aon willis merger