(Bloomberg) — Marsh & McLennan Cos., the largest insurancebroker by market value, said the brother of the chief executiveofficer at its flagship unit was paid $1.07 million for his lastfull year with the company.

Jonathan Zaffino's compensation as president of Victor O.Schinnerer & Co., a subsidiary, rose 2.7% from 2013, NewYork-based Marsh & McLennan said Friday in a proxy filing. Hestepped down in February to join Everest National Insurance Co.,where he is president of U.S. insurance operations. His brotherPeter Zaffino is CEO of the Marsh insurance brokerage.

Marsh & McLennan included three relatives of executives inthe filing. CEO Daniel Glaser's brother, Gary Glaser, received$218,500 last year as a senior manager at the Mercer unit. PeterZaffino's brother-in-law, Garrett Benton, was paid $223,297 as asenior vice president at Guy Carpenter, the reinsurancebrokerage.

Daniel Glaser was paid $14.91 million, up from $13.29 million in2013. The company cited his “continued leadership of a dynamic andeffective senior executive team.” Glaser was also given use of acompany airplane at a cost of $91,457.

Peter Zaffino's compensation rose to $7.81 million from $7.19million a year earlier.

Marsh & McLennan climbed 18% last year as the Standard &Poor's 500 Index rose 11%. The company surged 40% in 2013.

–With assistance from Doni Bloomfield in New York.

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