Aon controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
U.S. Justice Department moves to block Aon's acquisition of Willis Towers Watson
Lawsuit filed
In June 2021, the U.S. Justice Department announced it would sue to stop Aon's proposed $30 billion acquisition of Willis Towers Watson. The department cited antitrust concerns and stated that the proposed divestitures were insufficient to address those concerns. The announcement marked a formal step by the Justice Department to challenge the proposed transaction.
The U.S. Justice Department said it would sue to stop Aon's proposed $30 billion acquisition of Willis Towers Watson, citing antitrust concerns and stating that proposed divestitures were insufficient.
Stated objective. stop Aon's proposed acquisition of Willis Towers Watson
Source excerpt
The Justice Department on Wednesday announced the antitrust suit filed in federal court in Washington seeking to stop Aon’s proposed $30 billion acquisition of rival benefits and risk consultant Willis Towers Watson.
The Biden administration has sued to block the merger of two of the world’s largest insurance brokers, asserting the deal could eliminate competition, raise prices and hamper innovation for U.S. businesses, employers and unions that use the companies’ services.
The Justice Department said on Wednesday it would sue to stop insurance broker Aon’s $30 billion acquisition of Willis Towers Watson.
2020
EU antitrust review of Aon's proposed Willis Towers Watson acquisition
Investigation
The European Commission's antitrust review of Aon's proposed $30 billion acquisition of Willis Towers Watson formally began. The Commission said the transaction could reduce competition in several markets.
The European Commission’s antitrust review of Aon’s proposed $30 billion acquisition of Willis Towers Watson formally began. The Commission said the transaction could reduce competition in several markets.
Source excerpt
怡安保險集團(Aon)以300億美元收購韋萊韜悅(Willis Towers Watson)的交易正式進入歐盟反壟斷機關的審查階段，預計審查時間將達5個月。
歐盟執委會表示，該交易可能會減少幾個領域的市場競爭性，包括商業風險經紀服務、再保險經紀，以及對商業客戶提供的退休和健康財富服務。
2011
Foreign Corrupt Practices Act resolution
Aon paid a $1.76 million criminal penalty to the U.S. Department of Justice and an additional civil penalty reported by the Securities and Exchange Commission to resolve FCPA-related matters. The case concerned improper payments and inadequate books, records and controls involving subsidiaries and intermediaries in several countries.
2009
UK regulatory breach involving bribery controls
The UK Financial Services Authority fined Aon £5.69 million after finding that the company had inadequate systems and controls for assessing bribery and corruption risks in dealings with overseas firms and individuals. The regulator did not find that money had reached illegal organizations. Aon said the conduct was not deliberate and reported that it had strengthened its controls.
2005
Contingent commissions investigation and settlement
Aon was among major insurance brokers investigated over contingent commissions paid by insurers. Regulators argued that such payments could create conflicts of interest by influencing broker placement decisions. Aon agreed to a $190 million settlement without admitting wrongdoing.