Credit, Collections & Insolvency News
Aon has agreed to acquire Willis Towers Watson for almost £22.9 billion in an all-stock deal to create one of the world’s largest insurance brokers – a combined value of around $80bn.
The company will be called Aon and will retain its operating headquarters in London. Upon completion, existing Aon shareholders will own approximately 63% of the combined company and existing Willis Towers Watson shareholders will own approximately 37%.
Willis Towers Watson CEO John Haley said “The combination of Willis Towers Watson and Aon is a natural next step in our journey to better serve our clients in the areas of people, risk and capital.”
Aon’s CEO Greg Case. said “This combination will create a more innovative platform capable of delivering better outcomes for all stakeholders, including clients, colleagues, partners and investors.”
“Our world-class expertise across risk, retirement and health will accelerate the creation of new solutions that more efficiently match capital with unmet client needs in high-growth areas like cyber, delegated investments, intellectual property, climate risk and health solutions.”