Aon has announced the sale of $1.4 billion of US retirement related operations, which it says is a divestment intended to address certain questions raised by the U.S. Department of Justice over its merger combination with Willis Towers Watson (WTW).
The insurance and reinsurance broking giant said today it has signed definitive agreements to sell its U.S. retirement business to investor Aquiline Capital Partners and its Aon Retiree Health Exchange™ business to Alight, for a combined total gross consideration of $1.4 billion.
