U.S. President Joe Biden’s administration is suing to block the merger of two of the world’s largest insurance brokers, asserting the deal could eliminate competition, raise prices and hamper innovation for American businesses, employers and unions that use the companies’ services. On Wednesday, the U.S. Department of Justice announced the antitrust suit filed in federal […]
Aon and Willis Towers Watson have 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 $US3.57 billion. The agreement resolves questions raised by the European Commission and is intended to address certain […]