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Marsh CEO Storms Departs

Late Friday, New York-based Marsh & McLennan Companies Inc. said Mr. Storms' departure was effective immediately and that a search for a successor is underway. In the interim Michael G. Cherkasky, pre

By Mark E. Ruquet | Updated on September 17, 2007

Brian M. Storms, the chief executive officer of insurance broker Marsh, has stepped down in what analysts say is a sign of continued turmoil within the insurance brokerage firm.

Late Friday, New York-based Marsh & McLennan Companies Inc. said Mr. Storms’ departure was effective immediately and that a search for a successor is underway. In the interim Michael G. Cherkasky, president and chief executive officer of MMC, will serve as acting CEO of Marsh.

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