X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

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

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.