Aon to buys Willis for $30 billion, set to become world’s largest insurance broker

UNITED KINGDOM – Aon Plc has it would buy Willis Towers Watson Plc for nearly US$30 billion, in an all-stock deal. Reuters reported that the deal will make Aon the world’s biggest insurance broker and give it more pricing power, but also attract regulatory scrutiny. The acquisition, the largest ever in insurance sector, unifies the second and third largest brokers globally into a company worth almost US$80 billion, overtaking market leader Marsh & McLennan Companies Inc. The deal comes at a time when insurers are facing rising claims and new…

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