Aon is selling its U.S. retirement business to Aquiline Capital Partners and its retiree health exchange business to Alight Solutions for a total of US$1.4 billion.
The sales are intended to address questions raised by the U.S. Department of Justice ahead of the pending merger of Aon and Willis Towers Watson, according to a press release.
“These agreements further accelerate our momentum to close our proposed combination with Willis Towers Watson,” said Greg Case, chief executive officer of Aon, in a press release.
Read: Aon, Willis Towers Watson selling some assets to Gallagher on way to merger
Last month, Aon and Willis Towers Watson reached an agreement to sell Willis Re and a set of Willis Towers Watson’s corporate risk and broking, as well as health and benefits services, to Arthur J. Gallagher & Co. for $3.57 billion. That agreement resolved questions raised by the European Commission and is intended to address certain questions raised by regulators in certain other jurisdictions, according to a release.
The merger, first announced in March 2020, will see Aon and Willis Towers Watson combine under the Aon name.
Read: Aon, Willis Towers Watson merger receives shareholder approval