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EU Commission confirms additional probe of Aon-Willis deal

The commission's decision, which will hinge on how it views the impact on competition the transaction would have, must be made by May 10, 2021.

“We have opened an in-depth investigation to assess carefully whether the transaction could lead to negative effects for competition, less choice and higher prices for European customers in the commercial risk brokerage market,” said Margrethe Vestager, a European Commission executive vice president, in a release. (Credit: Brent Lewin/Bloomberg) “We have opened an in-depth investigation to assess carefully whether the transaction could lead to negative effects for competition, less choice and higher prices for European customers in the commercial risk brokerage market,” said Margrethe Vestager, a European Commission executive vice president, in a release. (Credit: Brent Lewin/Bloomberg)

An in-depth investigation has been opened to look at Aon’s proposed acquisition of Willis Tower Watson, the European Commission reported.

The commission stated its concerns are that the transaction would significantly reduce competition in markets for commercial risk brokerage services, reinsurance and provision of retirement as well as health and welfare services to commercial customers. Of particular concern is the impact on brokerage services to large multinational customers in property & casualty, financial and professional services, credit and political risks, cyber and marine.

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Steve Hallo

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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