Aon and WTW are two of the three largest providers of commercial risk, reinsurance and employee benefits broking and advisory services in
The ACCC's preliminary view was that the proposed merger would substantially lessen competition in the supply of commercial risk, reinsurance and employee benefits broking and advisory services in
The ACCC's investigation indicated Aon and WTW are two of the three major brokers capable of providing commercial risk broking to large customers, reinsurance broking and employee benefits services in
"We were concerned that the combination of Aon and WTW would have removed a significant competitive constraint and might have led to price increases or reduced levels of service for large commercial insurance customers, insurers and customers requiring employee benefits in
"Mergers between close competitors in highly concentrated markets will attract close ACCC scrutiny."
The ACCC began its merger review on
The ACCC's review has been suspended since
As part of our review the ACCC closely engaged with the
Background
Aon and WTW are both global professional services firms that provide, globally and in
The ACCC's Statement of Issues is available on our public register. Release number: 113/21ACCC Infocentre:
Use this form to make a general enquiry. Media enquiries: Media Team - 1300 138 917, media@accc.gov.au
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(C) 2021 M2 COMMUNICATIONS, source