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  • US "pay czar" Kenneth Feinberg has capped the annual cash salaries for American International Group (AIG) employees at $500,000 as part of a move on "second tier" executive pay at bailed out corporations.
  • Broking giant Aon has indicated that its $4.9bn bid for global consultancy firm Hewitt Associates will not be affected by Hewitt's move to buy Chicago-based investment consultancy EnnisKnupp.
  • Aon Corp has hired an outside law firm to investigate its compliance with anti-bribery laws, the company revealed in a Securities and Exchange Commission (SEC) filing last month.
  • Philip Grant, chairman of The Association of Run-Off Companies (ARC), is behind a new run-off service provider in London.
  • US prosecutors have named Berkshire Hathaway chairman Warren Buffett as a witness in the criminal trial of former General Re and American International Group (AIG) executives.
  • Bermudian (re)insurer Endurance Specialty Holdings revealed last week (6 January 2005) that its US subsidiary Endurance Reinsurance Corporation of America had become the latest firm to be subpoenaed by campaigning New York attorney general Eliot Spitzer i
  • AXIS Capital Holdings announced that David Greenfield will join the company as chief financial officer later this year.
  • Ratings agency Fitch has launched a new database listing report and account information on over 6000 insurance companies across 100 countries.
  • American International Group (AIG) is reported to have re-started talks with MetLife over the sale of its international life insurer American Life Insurance Company (ALICO) in a transaction which could help the beleaguered insurer raise over $15bn.
  • Broking giant Aon says its $4.9bn bid for global consultancy firm Hewitt Associates will not be affected by Hewitt's announcement that it is buying investment consultancy, Chicago-based EnnisKnupp.