Gallagher divestment deal aborted after WTW/Aon merger breaks down
Gallagher had been set to buy £3.6bn of WTW assets including Willis Re as part of Aon/WTW divestment plans ahead of their proposed combination.
Gallagher has confirmed that its deal to buy certain Willis Towers Watson (WTW) operations for $3.57bn (£3.53bn) has been called off.
The agreement was first announced on 12 May and at the time it was described as an “important step” toward closing Aon’s proposed $30bn deal for WTW.
However, the Aon/WTW merger collapsed yesterday after the two businesses “reached an impasse with the US Department of Justice”, which launched a civil antitrust lawsuit to block the deal in June.
Opportunities
Ga
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Broker
Biba to open AI Academy
The British Insurance Brokers’ Association is working with Markel to offer an AI Academy for the trade body’s members.
Biba to launch cyber insurance broker directory
The British Insurance Brokers’ Association is working on the launch of a directory of accredited cyber insurance brokers, as the trade body highlights growing cyber-attack risk.
Pikl adds to exec with CCO appointment
Pikl has added to its board with the appointment of Jemma Clarke as chief commercial officer.
Biba pitches industry wide fair value assessment templates
The British Insurance Brokers’ Association has targeted further regulatory rule simplification in its 2026 Manifesto, as it urged industry wide support of developing a fair value assessment template, and called on the government to deliver a new Financial Services Bill.
Virtual Agents specialist Unitary becomes Biba associate member
Unitary has joined the British Insurance Brokers’ Association as an associate member, in a move the automation platform claimed strengthened its commitment to supporting the UK broker community.
Manifesto 2026: Biba calls for new Financial Services Bill
The British Insurance Brokers’ Association has launched its 2026 Manifesto titled ‘Economic Resilience’, calling on the government to introduce a new Financial Services Bill in early 2026.
Biba and ABI join forces on ‘Total Signposting’ initiative
The British Insurance Brokers’ Association and the Association of British Insurers have launched a new voluntary industry-wide Total Signposting Commitment.
Lloyd’s broker Servca acquires specialist PI book
Superian Insurance Group has acquired the renewal rights for O3 Specialty, a broker that specialises in professional indemnity cover for financial advisers.