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News round-up - Aon signs Gecalux deal.

Europe Intelligence Wire

| March 01, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Reinsurance)

Aon Corporation has announced that it has entered into an agreement with Le Foyer and Kredietbank to transfer the business of Gecalux Luxembourg, Gecalux Switzerland and Gecasuisse.

The Gecalux business, which represents in excess of 40 captive clients and a number of consulting clients, will be managed by Aon's specialist captive management and consulting arm, Aon Captive Services Group. Gecalux's 28 employees will also join Aon as part of the deal.

Stephen Cross, chief ...

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