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Commercial

Argent and OSG in strategic alliance

From 1 February 2005 Argent Liability Adjusters and OSG Group will enter into a strategic alliance to provide London Market clients of Argent with a solution to their service requirements in the Irish Market.

Aon launches Latin American subsidiary

Aon Corporation has announced the formation of Aon Affinity Latin America. The organization will be headquartered in Sao Paulo, Brazil, where Aon has an established presence in the affinity marketplace through Aon Affinity do Brasil.

US tort costs keep rising

US tort costs reached a record $246bn in 2003, or approximately $845 per person, according to the US Tort Costs: 2004 Update from the Tillinghast business of Towers Perrin.

Partner Re produces tsunami estimate

PartnerRe has estimated that claims relating to its exposure to the earthquake and resulting tsunami in Southeast Asia on December 26, 2004 are expected to be between $25-$35m.

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