The Securities and Exchange Commission is probing the relationship between Marsh & McLennan and two of its subsidiaries on referral business and compensation for the referrals.

As part of a 10-Q filing yesterday with the Securities and Exchange Commission, New York-based professional services firm MMC said the Boston Office of the SEC is “conducting an informal investigation of a former program” where companies within the MMC group referred business to one another and received compensation for such referrals. The queries involve MMC, its consulting firm Mercer, and its investment arm Putnam.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.