Spitzer Probe Has International Impact
Insurance executives in London, during a recent industry symposium there, said that allegations of bid-rigging and other questionable activities by Marsh brokerage will have a far-reaching impact not limited to U.S. insurers.
"Our industry continues to attract negative publicity," noted Mike Hammond, chief executive officer with Jardine Lloyd Thompson Risk Solutions, a London-based broker. "Where it is justified, it is essential that the industry responds positively, transparently and effectively to the challenges that inevitably will follow."
The remarks came as part of a Nov. 19 JLT-sponsored risk symposium. A transcript from the meeting was furnished to National Underwriter.
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