July 2006/1

Executives in the insurance sector predict consolidation will accelerate faster in international markets than in the United States, according to a survey by accountancy firm KPMG.

Companies that act quickly and efficiently in managing a crisis through a product recall will gain consumers' confidence and enhance shareholder value, according to broker Marsh.

Insurance broker Willis Group Holdings Ltd cancelled a $300mn debt issue last week - a move that has led to speculation the firm is again considering a significant acquisition.

Giant US insurer American International Group (AIG) and CV Starr announced last week in simultaneous, but separate, statements their intention to split their marine and energy businesses in future.

Broker Aon Corp has agreed to sell its warranty arm to Canadian conglomerate Onex Corp in an estimated $710mn deal.

Shares in UK broker Jardine Lloyd Thompson Group plc (JLT) leapt almost ten percent this morning in the light of its expected acquisition of rival Heath Lambert Group plc and news from the US suggesting Willis...