(Reuters) – Aon PLC's $ 30 billion bid for Willis Towers' Watson PLC to create the world's largest insurance broker faces a five-month investigation after EU antitrust regulators expressed concerns that the deal could harm competition in key markets .  The merger of the world's second and third largest brokers would go over the world's 1 Marsh & McLennan Cos. Inc. The deal came just as the financial markets slipped as a result of the COVID-19 crisis earlier this year.
The pandemic has triggered a sharp increase in insurers' claims, in addition to other challenges such as climate change, and affected their investment portfolios.
Falling values and companies that want to support business models have in turn given rise to a number of deals throughout
Aon said that it was safe to secure EU approval without having to sell any assets to alleviate competition problems and that it was about to close the deal in the first half of 2021
It cited brokerage services to large multinational clients in real estate / accidents, financial and professional, credit and political risk, cyber and navy as well as clients in the space and space industry as the most affected.
The EU survey will also examine the provision of reinsurance intermediation services and the provision of pensions and health and welfare services. The EU Competition Authority set a date for its decision on 10 May. Catalog