Aon buys Benfield for $1.75bn

After much discussion of "champagne talk and beer money" from Benfield's Grahame Chilton, the corks are out in Bishopsgate after Aon offered $1.75bn for the business. Alex Ferguson has more..

If you have read the papers, a six-month period didn't seem to go by without speculation that UK-based reinsurance broker Benfield was in talks.

Grahame Chilton, Benfield's chief executive, had always

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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