Aon To Appeal $32M Loss In Reinsurance Spat

Law360, New York (August 5, 2009, 10:48 PM EDT) -- Aon Ltd. will appeal a $32 million loss in a case brought by United National Insurance Co. and Diamond State Insurance Co. over an arbitration award that partially rescinded an Italian company’s reinsurance obligations to United National, according to a notice filed Wednesday.

Aon, subsidiary Alexander Howden Ltd. and Alexander Howden North America Inc. filed a notice of appeal in the U.S. District Court for the Eastern District of Pennsylvania, less than three weeks after the court denied their bid for judgment as a matter of...
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