Agency Management

Liberty Mutual Group said it is delaying its initial public offering of stock in Liberty Mutual Agency Corporation (LMAC) because the company believes it won't get the right price for the business.

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."

Isn't it amazing that after all the media coverage of the bitter health care reform debate, so many remain clueless about what's in the law and how much good it does for them, wonders NU Editor Sam Friedman in his blog at www.NUSamSoapBox.com for details.

The combination of slowing price increases among a decreased number of air carriers indicates that the airline insurance marketplace may be stabilizing overall, according to a report from Aon.

Marsh & McLennan Companies agreed to pay Ohio $4.75 million to settle an antitrust lawsuit stemming from allegations that the company's insurance brokerage firm engaged in a bid-rigging and kickback scheme in return for lucrative contingent commissions.

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