New Zealand’s watchdog delays decision on Aon-Willis merger

The New Zealand Commerce Commission has delayed its approval of U.K.-based insurance broker Aon PLC’s acquisition of counterpart Willis Towers Watson PLC until July 2, after failing to reach a decision due to competition concerns that still need addressing, Reinsurance News reported. Local firms raised some concerns around the Aon-Willis merger, including commercial insurance or corporate broking in New Zealand which have yet to be addressed.

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