Giant insurance brokers Aon and Willis Towers Watson have mutually agreed to terminate their proposed merger following an antitrust lawsuit brought by the US Department of Justice (DOJ).
The proposed takeover of Willis Towers Watson by Aon was valued at $30bn and would have created the world’s largest broking house, with a major marine portfolio.
“We reached an impasse with the US Department of Justice," Aon chief executive Greg Case said.
