RSS   Newsletter   Contact   Advertise with us

New Zealand still deciding to grant or not clearance to Aon/Willis Towers Watson acquisition

Christian Fernsby ▼ | November 2, 2020
The Commerce Commission New Zealand invites interested parties to provide comments on the likely competitive effects of the proposed acquisition.
Willis Towers Watson
New Zealand   Willis Towers Watson
Any submissions should be received by 5pm on 13 November 2020. The Commission is currently scheduled to make a decision on the application by 11 December 2020. However, this date may be extended as the investigation progresses.

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.