EU Drops Antitrust Probe into Six Insurance Brokers

European Union regulators dropped an antitrust probe into six insurance brokers for aviation and aerospace and reinsurance, citing “priority reasons.”

• European Commission comments in website statement Wednesday
• “After careful investigation, the commission has, for priority reasons, decided to close its antitrust investigation opened in October 2017 against six insurance broking companies”
• Marsh & McLennan Cos Inc., Willis Towers Watson Plc, Aon and Jardine Lloyd Thompson Group Plc previously confirmed involvement in probe
• EU took over investigation from U.K.’s Financial Conduct Authority
• Aon and Willis Towers Watson are separately seeking EU merger approval for deal; Dec. 21 deadline
• SEE: Insurance Brokers ...