US DoJ files lawsuit to block Aon/WTW merger
The two brokers have said they disagree with the move after the DoJ warns merger would “create a broking behemoth” and “threatens to eliminate competition, raise prices and reduce innovation”.
Aon and Willis Towers Watson (WTW) have criticised the US Department of Justice (DoJ) after it filed a lawsuit to try and block the combination of the two broking giants yesterday (16 June).
The DoJ launched a civil antitrust lawsuit in an attempt to stop the proposed $30bn (£22.9bn) deal, stating that the merger would “create a broking behemoth” and “threatens to eliminate competition, raise prices and reduce innovation”.
It warned that bringing two of the “big three” global insurance brokers
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