Marsh & McLennan Replacing Its Chief
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The insurance broker said it would replace Michael G. Cherkasky after a year of disappointing results. The news sent company shares higher.
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Jeff Greenberg leaves post at No. 1 insurance broker not long after Spitzer targeted firm: WSJ. NEW YORK (CNN/Money) - Marsh &amp; McLennan&#39;s embattled Chief Executive Officer Jeffrey Greenberg stepped down as
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The head of Marsh &amp; McLennan Companies Inc., the nation&#39;s largest insurance broker, resigned Monday, clearing the way for the settlement of bid-rigging charges brought by New York&#39;s attorney general.
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NEW YORK - The fallout from New York State Attorney General Eliot Spitzer&#39;s probe into the insurance industry continued. Jeffrey Greenberg, the head of Marsh &amp; McLennan, was replaced as chairman and chief
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Marsh & McLennan Cos. MMC.N said on  Monday Chairman and Chief Executive Jeffrey Greenberg resigned,  11 days after New York's attorney general accused the world's  biggest insurance broker of rigging insurance prices.
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The chief executive and chairman of the Marsh &amp; McLennan Companies, the world&#39;s biggest broker of insurance, resigned yesterday, less than two weeks after his company was accused of cheating customers.
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Insurance broker Willis Group Holdings  Ltd. WSH.N on Monday said it hired a top executive from  embattled rival Marsh & McLennan Cos. Inc. MMC.N
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may have been surprised to learn that he had stepped in as head of the beleaguered insurance company, Marsh &amp; McLennan, on Monday, October 25, and has been in the national media spotlight ever since.
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Shares of Marsh & McLennan Cos. were  whipsawed on Friday amid conflicting reports that a change in  the insurance broker's top management was imminent.
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Broker Marsh &amp; McLennan Cos.&#39; (MMC.N: Quote, Profile, Research) internal investigation into accusations of insurance bid-rigging has triggered the dismissal of four executives in recent days, a company representative said on
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The chief executive and chairman of Marsh &amp; McLennan Companies, the world&#39;s biggest broker of insurance, stepped down today, less than two weeks after his company was accused of cheating customers.
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NEW YORK -- Marsh &amp; McLennan Cos. Inc., the world's biggest insurance brokerage, said yesterday it will cut 750 jobs, consolidate some locations, and revamp its information technology structure to cut costs.
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Jeffrey W. Greenberg, chairman and chief executive of Marsh & McLennan Companies Inc., which is the target of a bid-rigging investigation by New York's attorney general, submitted his resignation on Monday, the company said.
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Marsh & McLennan Cos. shares were  whipsawed on Friday amid conflicting reports that a change in  the insurance broker's top management was imminent.
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Two Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) executives linked to an insurance market bid-rigging investigation stepped down from their positions
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MARSH &amp; MCLENNAN, the insurance broker, is to axe 3,000 jobs to help to prop up its flagging profits, which have been hurt by a $232 million (Â£125 million) charge to cover a potential settlement with Eliot Spitzer, the New York attorney-general.
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Marsh & McLennan Cos.  Chairman and Chief Executive Jeffrey Greenberg resigned on Monday, 11 days after New York Attorney General Eliot Spitzer accused the world's biggest insurance broker of rigging bids.