Statement from Aon regarding Benfield litigation
Released on: December 3, 2007, 10:42 pm
Press Release Author: Reuben Aitchison
Industry:
Press Release Summary: Aon Re Global, the world's largest provider of reinsurance brokerage services and integrated capital solutions, today announced it has reached a global and comprehensive settlement with Benfield Group of all of the litigation relating to former Benfield facultative reinsurance employees who recently resigned from Benfield and will be joining Aon on 1 April 2007.
Press Release Body: Aon Re Global, the world's largest provider of reinsurance brokerage services and integrated capital solutions, today announced it has reached a global and comprehensive settlement with Benfield Group of all of the litigation relating to former Benfield facultative reinsurance employees who recently resigned from Benfield and will be joining Aon on 1 April 2007.
Under the amicable settlement, Benfield will receive payments over time totaling Ł9,525,000, which includes all their costs.entertainment and media liability insurance
Michael D. O'Halleran, chairman and CEO of Aon Re Global, commented: \"We are pleased to have reached a mutually acceptable accord on this matter.\"
Aon UK is ranked by A.M. Best as the number one global insurance brokerage based on brokerage revenues and voted best insurance intermediary, offering classic sports car insurance, high value home insurance, entertainment and media insurance and construction site insurance.
Web Site: http://www.privateclients.aon.co.uk/privateclients/microsites/cars/classic.aspx
Contact Details: directory@vandelay.co.uk
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