The sector's biggest-ever deal comes as insurers grapple with rising claims and new challenges brought on by the COVID-19 pandemic and climate change.
BRUSSELS: Insurance broker Aon has offered to sell assets in several EU countries and the reinsurance unit of takeover target Willis Towers Watson to gain EU antitrust approval for its US$30 billion acquisition bid, a person familiar with the matter said on Monday.
Aon, which clinched the deal a year ago to create the world's largest insurance broker ahead of Marsh & McLennan Companies Inc, submitted concessions to the European Union's competition watchdog last Friday, an EU filing showed.
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