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Aon, Willis Towers Watson deal could pose competition issues, New Zealand regulator says

By Laurel Henning and James Panichi ( December 21, 2020, 04:41 GMT | Insight) -- Aon’s proposed acquisition of rival insurance broker Willis Towers Watson could pose competition issues in New Zealand in the supply of commercial insurance, reinsurance, group health and welfare benefits, the country’s competition watchdog has warned. In a statement of issues released today, the New Zealand Commerce Commission said that it is still to conclude the relevant markets for its assessment, but at this stage it is testing the potential for the proposed acquisition to substantially lessen competition in the supply of some financial products. Aon’s proposed acquisition of rival insurance broker Willis Towers Watson could pose competition issues in New Zealand in the supply of commercial insurance, reinsurance, group health and welfare benefits, the country’s competition watchdog has warned....

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