News analysis: Aon creates world’s biggest broker with Willis Towers Watson deal
Brokers broadly welcome deal between broking giants and look forward to opportunities created
The megadeal between Aon and Willis Towers Watson (WTW) will lead to redundancies and further consolidation activity in the insurance sector, according to experts.
Aon first confirmed it was in talks to buy WTW on 6 March last year. After only one day of feverish discussion the broking giant signalled its intention to walk away, but rumours of a pending deal had been circulating in the market since.
Almost exactly a year later, on 9 March 2020, Aon confirmed it was to buy WTW for nearly $30bn
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