Aon plc announces US$30B aquisition of Willis Towers Watson
80.00 Billion USD
On March 9, 2020, Aon plc announced its US$30 billion acquisition of Willis Towers Watson for an implied combined equity value of approximately US$80 billion. The merger will create a more innovative platform capable of delivering better outcomes for all stakeholders, while Aon's expertise across risk, retirement and health will accelerate the creation of new solutions that more efficiently match capital with unmet client needs in high-growth areas like cyber, delegated investments, intellectual property, climate risk and health solutions.
Aon plc, is a UK-based global professional services firm that sells a range of financial risk-mitigation products, including insurance, pension administration, and health-insurance plans.
Willis Towers Watson is a UK-based multinational risk management, insurance brokerage and advisory company and is the third largest insurance broker in the world.
McCarthy Tétrault is advising Aon plc as Canadian counsel with a team led by Jason Gudofsky that includes Debbie Salzberger, Casey Halladay, Michael Caldecott and Julien Beaulieu (Competition) and Randy Bauslaugh, Greg Winfield and Deron Waldock (Pensions).