Aon, Willis Towers Scrap $30 Billion Merger Amid Antitrust Impasse.

They said the scale would help the companies work with carriers to create new insurance-industry products, particularly for emerging markets, cybercrime and climate change. Also, the brokerages aren't required by regulators to hold big capital cushions, as are insurance companies themselves, so less private-equity money gets tied up in brokerage deals than in those involving insurance carriers. Keywords: Retail/Wholesale; Motor Vehicle Dealing; Specialty Retailing; Insurance; Risk Management Services; Insurance Brokering; Accounting/Consulting; Business/Consumer Services; Business Consultancy; Financial Services EN Retail/Wholesale Motor Vehicle Dealing Specialty Retailing Insurance Risk Management Services Insurance Brokering Accounting/Consulting Business/Consumer Services Business Consultancy Financial Services N.PAG N.PAG 1 07/28/21 20210727 NES 210727 Justice Department alleged the combination of insurance brokers would eliminate competition The Justice Department had alleged the tie-up of insurance brokers would lead to higher prices and reduced innovation for U.S. businesses. [Extracted from the article]