When Aon shrugged off Guy Carpenter's challenge and acquired Benfield for £935mn (including debt) last year, London was always going to be the most difficult area to consolidate. On Benfield's home ground, it was in the London market that the broker competed most aggressively with Aon Re, which was already the world's largest reinsurance intermediary. When the new reporting structures were unveiled - which, inevitably, meant some star performers either missing out on selection or having to be arm-twisted into...
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