Insurance chief quits in bid-rigging row
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NEW YORK - Marsh and McLennan chief executive Jeffrey Greenberg has resigned, 11 days after New York Attorney-General Eliot Spitzer accused the company of rigging insurance prices and taking kickbacks.
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The top managers of WellCare Health Plans, an insurer being investigated by the F.B.I. for possible fraud, resigned Friday.
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Another new policy at Marsh &amp; McLennan Cos. (nyse: MMC - news - people ): The insurer said yesterday that five directors--all company executives--are leaving its board.
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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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Lord Lang of Monkton, the president of the Board of Trade in the last Conservative government, is under pressure to resign from the board of Marsh &amp; McLennan, the insurance broker accused of corruption.
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Jeffrey Greenberg, the embattled CEO of Marsh &amp; McLennan, resigned yesterday, another scalp taken by New York Attorney General Elliot Spitzer.
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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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Ace Ltd., a Bermuda insurer that is a subject of the New York attorney general's investigation into the insurance industry, dismissed two executives.
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Former chief financial officer steps down from company's board amid an investigation into stock option grants.
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Marsh &amp; McLennan Cos., the insurance broker sued by New York Attorney General Eliot Spitzer last month, said five company executives stepped down from the board.
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The bond insurer replaced its chief executive with its retired chairman, Joseph W. Brown Jr., who said he would consider splitting up the companyâs insurance business to restore confidence.
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Marsh & McLennan Cos. Chairman and  Chief Executive Jeffrey Greenberg resigned, the company said on  Monday, 11 days after New York's attorney general accused the  world's biggest insurance broker of rigging insurance prices.
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The head of global stocks at the Citadel Investment Group, a $12 billion Chicago-based hedge fund, has left the firm, according a source.
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Telstraâs embattled chief executive resigned on Wednesday as Australiaâs largest telecommunications company prepared for the A$30bn sale of the governmentâs remaining shareholding.
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HONG KONG - Standard Chartered PLC said Monday its chief executive in Hong Kong has resigned, less than a week after the British-based bank said it was laying off 200 local employees.
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NEW YORK -- Marsh &amp; McLennan, the nation&#39;s largest insurance brokerage, said Tuesday it will lay off 3,000 employees, or about 5 percent of its work force, because of fallout from a bid-rigging scandal that has engulfed the insurance industry.
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The chief executive of the world's biggest listed hedge fund is quitting to focus on private philanthropy.