New Zealand still deciding to grant or not clearance to Aon/Willis Towers Watson acquisitionChristian Fernsby ▼ | November 2, 2020
The Commerce Commission New Zealand invites interested parties to provide comments on the likely competitive effects of the proposed acquisition.
New Zealand Willis Towers Watson
Topics: New Zealand
In New Zealand, Aon and Willis Towers Watson both provide a range of insurance brokerage services, including for commercial insurance, reinsurance, group health and welfare benefits, and personal and life insurance. In addition, both firms provide investment consulting services to institutional investors.
The proposed transaction would see Willis Towers Watson become a wholly owned subsidiary of Aon.
"We will give clearance to a proposed merger if we are satisfied that the merger is unlikely to have the effect of substantially lessening competition in a market," the Commerce Commission New Zealand said. ■