Aon has confirmed it will buy Willis Towers Watson in a $30bn (£23bn) all-share deal
The amalgamation of the two global consulting firms, respectively the world's second- and third-largest insurance brokers, is expected to deliver annual pre-tax synergies and other cost reductions of around $800m by the third full year. It is expected to complete in the first half of 2021. Based on their 2018 revenue figures, the combined firm will be the largest UK pension consulting company, with revenue of around £770m - as well as a combined equity value of approximately $80bn. Aon chief executive Greg Case said: "This combination will create a more innovative platform capable of ...
To continue reading this article...
Join COVER for free
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.