Marsh & McLennan Companies Inc., the nation’s largest insurance broker, has selected a buyer for its Putnam Investments mutual funds and investment management division, according to a report last Friday. Marsh & McLennan had reached an “agreement in principle” to …
New York Attorney General Eliot Spitzer has dropped two of six civil charges against former American International Group CEO Maurice “Hank” Greenberg and another former executive of the company, according to a Spitzer attorney. Greenberg’s legal team said that “the …
Marsh & McLennan Companies Inc., the nation’s largest insurance brokerage, on Thursday said its profits were flat in the second quarter on weakness in European sales and human resources consulting. The earnings were well below what Wall Street analysts had …
Shareholders in the American International Group Inc. last week approved the insurance company’s slate of 15 board members and renewed the auditing contract of PricewaterhouseCoopers LLP, despite opposition from some major institutional investors. The voting at AIG’s annual meeting – …
Shareholders of Marsh & McLennan Companies Inc. last week approved a plan to replace some of the stock options for employees hurt by the sharp fall in the company’s stock. Marsh & McLennan, the nation’s largest insurance brokerage, said the …
Three days before he resigned as head of American International Group Inc., Maurice ‘”Hank” Greenberg gave his wife 41.4 million of his shares in the insurance company, according to a regulatory filing. The disclosure came on Tuesday, the same day …
The day after sacking its chief executive officer, Marsh & McLennan Companies Inc. announced that it is adopting “significant reforms” to its business operations, including the permanent elimination of incentive fees at the center of a price fixing and bid …
