Marsh Pledges to End Secrecy and Incentive Fees
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Michael G. Cherkasky, the new chief executive of the Marsh &amp; McLennan Companies, the world&#39;s largest insurance broker, said yesterday that bid-rigging and price-fixing had been &quot;very
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One day after Marsh &amp; McLennan Cos. ousted its chief executive, the nation&#39;s largest insurance broker said it will tell its clients exactly how much they are paying
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The U.S. Securities and Exchange  Commission has asked Marsh & McLennan Cos. Inc. MMC.N for  information about partnerships that individuals affiliated with  the company have invested in, the insurance broker said in a  statement.
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Decrying &#39;&#39;ethical breaches of an unprecedented nature,&#39;&#39; California&#39;s insurance commissioner announced regulations Wednesday to bar brokers from steering customers to certain policies in exchange for hidden commissions.
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Marsh &amp; McLennan, the world&#39;s biggest insurance broker, last night disclosed that regulators had launched an investigation into transactions involving its directors.
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Rules to prevent fraud going undetected at US companies are to be amended after complaints they are too costly.
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Eliot Spitzer received an anonymous letter last March that made for intriguing reading. The message suggested that the New York attorney general poke around Marsh &amp; McLennan, the US&#39;s largest insurance broker
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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , at the center of a bid-rigging scandal rocking the insurance industry, on Tuesday said it will cut 3,000 jobs and said
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December 23, 2004 -- Marsh &amp; McLennan Cos., the world&#39;s largest insurance broker, said the Securities and Exchange Commission is investigating the stakes that directors, officers, and shareholders have in the company&#39;s buyout funds.
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Marsh &amp; McLennan, the US broker at the centre of price-fixing allegations, neatly sidestepped the prospect of criminal charges yesterday with a wide-ranging reform of its business.
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A day after the resignation of its chairman and chief executive officer, Marsh &amp; McLennan Cos. announced on Tuesday it would stop accepting fees that had prompted a lawsuit by New York state Attorney General Eliot Spitzer.
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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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Two major insurance companies named in the New York attorney general&#39;s investigation into questionable sales practices have discontinued the use of incentive fees, which are at the center of the probe.
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Marsh & McLennan Cos. , the insurance broker at the center of a bid-rigging scandal, on Tuesday said it will lay off 3,000 employees, or 5 percent of its work force.
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US insurance broker Marsh & McLennan is set to avoid criminal charges after it announces a wide-ranging reform of the way it does business.
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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , the world&#39;s largest insurance broker, on Tuesday said it will reform its business practices and stop
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NEW YORK - Marsh &amp; McLennan Companies Inc. is looking to collect about $230 million in incentive fees at the heart of a bid-rigging probe by New York authorities as a way to help fund a possible settlement over the questioned fees.