News

The European Commission (EC) has approved Aon Corporation's proposed acquisition of Hewitt Associates, finding that the transaction "would not significantly impede effective competition in the European Economic area (EEA) or any substantial part of it."

A storm system near Cuba has strengthened into Tropical Storm Nicole, but the National Hurricane Center (NHC) has discontinued tropical storm warnings and watches for Florida.

Claims Magazine is twittering every day about breaking news and timely topics -- not to mention keeping readers up to date on what's being posted on claimsmag.com.

Despite the damage caused from the Deepwater Horizon oil spill in the Gulf of Mexico, the event is expected to have no impact on the property insurance marketplace, an executive from Marsh said.

Hannover Re, named as the first foreign reinsurer to qualify for reduced collateral requirements in Florida, said the state has approved its Bermuda subsidiary to benefit from the same law.

Willis North America said it has named Hilaire Damiron as chief executive officer of Willis Mexico, effective immediately.