Aon Re Global, the Chicago-based broker’s provider of reinsurance brokerage services and integrated capital solutions, announced that 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 April 1.”
Under the terms of the settlement agreement Benfield will receive payments over time totaling £9,525,000 ($18.38 million), which includes costs.
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.”
Was this article valuable?
Here are more articles you may enjoy.
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Q4 Global Commercial Insurance Rates Drop 4%, in 6th Quarterly Decline: Marsh 
Former Ole Miss Standout Player Convicted in $194M Medicare, CHAMPVA Fraud 
Allstate Doubles Q4 Net Income While Auto Underwriting Income Triples 
