Marsh gets OK to take underwriter payments.(agreement in a Securities and Exchange Commission)

Business Insurance, August, 2006 by ROBERTS, SALLY

Byline: SALLY ROBERTS Marsh Inc. may now accept additional profit-based commissions from insurers on business where it acts as a managing general agent or underwriting manager, under an agreement reached with New York Attorney General Eliot Spitzer and New York Superintendent of Insurance Howard Mills.

Marsh announced the agreement in a Securities and Exchange Commission filing last week. Marsh and its parent, Marsh & McLennan Cos. Inc., in January 2005 settled charges that the broker rigged bids and steered clients to favored insurers, agreeing to pay $850 million in client restitution and to cease collecting contingent commissions from insurers. The amendment to the agreement reached Aug. 17 clarifies the means by which Marsh may act and be...