Aon to buy Willis Towers Watson in $30bn deal

James Phillips
clock • 1 min read

Aon has confirmed it will buy Willis Towers Watson in a $30bn (£23bn) all-share deal, becoming the UK's largest pension consulting firm.

The amalgamation of the two global consulting firms, respectively the world's second- and third-largest insurance brokers, is expected to deliver annual pre-tax synergies and other cost reductions of around $800m by the third full year. It is expected to complete in the first half of 2021. Based on their 2018 revenue figures, the combined firm will be the largest UK pension consulting company, with revenue of around £770m - as well as a combined equity value of approximately $80bn. Aon chief executive Greg Case said: "This combination will create a more innovative platform capable of ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Your profession

'Underperforming' sector does more damage to women over time

'Underperforming' sector does more damage to women over time

Y Tree executive director Eliana Sydes speaks to PA

Sophia Panayi
clock 29 July 2026 • 2 min read
From the annual review to the 'always on' adviser/client relationship

From the annual review to the 'always on' adviser/client relationship

'Regular reviews will still play an important role, but clients' lives do not follow a servicing calendar'

Tessa Lee
clock 28 July 2026 • 4 min read
Number of British millionaires drops to lowest level since 2008

Number of British millionaires drops to lowest level since 2008

Estimated number of 442,000

Sophia Panayi
clock 28 July 2026 • 3 min read