The all-stock deal, the largest ever for the industry, will combine the world’s second – and third-largest brokers to create a Company worth almost $80 billion, overtaking market leader Marsh & McLennan Companies Inc.
In 2015, Aon restructured its operations around the world, converting them from directly owned entities to correspondents, many of them in South America, Eastern Europe and other places.
Both Aon and Willis expect the deal to be completed in the first half of 2021 after securing regulatory approvals.
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