UPDATE 2-Ace, Marsh fire employees amid industry probe
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Broker Marsh &amp; McLennan Cos. and insurer Ace Ltd. (ACE.N: Quote, Profile, Research) have fired a total of six employees in recent days as a result of internal investigations related
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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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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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US investigations into the sale of insurance that can smooth out volatile earnings have widened significantly. Ace, a big Bermuda insurer with extensive operations in the United States, said late Monday that
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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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Computer Associates International Inc., the software maker operating under government oversight after an accounting scandal, will fire 800 workers, or 5 percent of its employees, as the company trims its product line.
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Marsh &amp; McLennan Companies, the world&#39;s largest insurance broker, said yesterday that the Securities and Exchange Commission had begun a formal investigation into investments by its executives
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ACE Ltd. on Thursday became the latest insurance company to announce changes in its business practices in response to the industry probe launched by New York&#39;s attorney general.
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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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The chief of Marsh & McLennan, the world's biggest insurance broker, resigned less than two weeks after his company was accused of cheating customers.
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Five members of Marsh &amp; McLennan Cos.âs board of directors who are also officers of the company have resigned from the board.
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Embattled insurance broker Marsh &amp; McLennan Cos. said yesterday that five members of its board of directors -- all of them executives of the company -- are leaving the board.
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In their latest market-timing fraud case, Massachusetts securities regulators yesterday said employees in the Boston office of brokerage giant A.G. Edwards Inc. made billions of dollars of improper trades in mutual funds for two hedge funds with the approval of superiors at the St. Louis company.
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Marsh & McLennan said today that it would lay off roughly 5 percent of its work force, as it moved to right itself after being accused of bid-rigging.
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The Connecticut attorney general accused the Marsh & McLennan Companies and a unit of the Ace Group of increasing costs for workers' compensation insurance.
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NEW YORK (CBS.MW) -- Ace Ltd. said Thursday it fired two employees and suspended three others as part of an internal investigation into improper business practices.
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Zurich Financial Services said Friday it has suspended several employees in the United States as part of an internal review tied to a wider industry investigation of insurance broker Marsh & McLennan Companies ...