Opinion: Aon Client Treaty

When it was announced, there was a sense in the marketplace that
the creation of the Aon Client Treaty (ACT) was a defining event.
Here was a facility that could see 20 percent of the book of
London's biggest insurance broker disappear from the open
market, redirecting a huge chunk of premium and intensifying
competition for what remained.
And it looked like it could be the thin end of a very thick
wedge. The 20 percent ceiling was arbitrary. What...