Aon and WTW union could bring $1.3bn cost synergies - but also regulatory scrutiny

09-03-2020

Aon and WTW union could bring $1.3bn cost synergies - but also regulatory scrutiny

As the re/insurance world digests the implications of the merger between Aon and Willis Towers Watson, Intelligent Insurer examines the implications of the deal for the market and asks experts what the potential cost synergies might look like.

“It’s a huge deal just a year on from when Marsh & McLennan (MMC) acquired Jardine Lloyd Thompson (JLT). It’s going to have substantial implications throughout the market.” Simon Fitzsimmons, director corporate finance at Mazars.

  • Likely scrutiny from the Competitions and Markets Authority
  • Deal partly in response to technological disruption
  • Regulatory approval may take time
  • Huge cost synergies expected of up to $1.3bn

Aon and Willis Towers Watson have confirmed a $30 billion all-stock transaction, with heavy scrutiny of the deal expected from the Competitions and Markets Authority.

Aon announced today (March 9 2020) its plans to merge with Willis Towers Watson (WTW) in an unprecedented $30 billion deal that brings together two insurance broker heavyweights, but what does a deal of this magnitude mean for the insurance market? 


merger, Aon, Willis Towers Watson, Mazars, broker

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