News Feature - Aon, Benfield: Deal Sealed
Source: Asia Insurance Review | Jan 2009
The deal was sealed, and the broking world saw the biggest acquisition between two brokers in recent years. In November last year, Benfield Group officially merged with Aon Corp’s reinsurance broking arm and had since become Aon Benfield. Along with this came the announcement of restructuring plans that would cut about 500-700 jobs and result in savings costs of around US$185 million over a three-year period. Our journalist, Ms Manuelita Contreras, speaks with Aon as well as checks out what some industry players in Asia have to say about it.
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