"This is a major step that demonstrates continued progress toward obtaining regulatory clearances for the proposed combination, "This is a major step that demonstrates continued progress toward obtaining regulatory clearances for the proposed combination," the insurance companies shared in a joint statement. (Credit: Brent Lewin/Bloomberg)

The European Commission has approved the merger of Aon and Willis Tower Watson (WTW), contingent on further divestments from both firms. The deal, however, still hinges on regulatory approval from other nations, including the U.S.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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