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Marsh will not take contingents for core US biz
24 March 2010
Marsh will not accept contingent commissions on any placements for any US and Canadian clients served by the firm’s core broking operations, the firm announced today.
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Marsh will not accept contingent commissions on any placements for any US and Canadian clients served by the firm’s core broking operations, the firm announced today.
In a letter to the company’s US and Canadian clients, Joseph McSweeny, president of Marsh’s US and Canada operations, explained: “We do this not out of concern for the propriety of contingent commissions (they remain legal in 50 states and DC), nor out of concern for managing potential conflicts of...
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