Marsh has tapped an AIG executive and former employee, Daniel S.Glaser, as its new chairman and chief executive officer. His taskis formidable--to turn around a troubled firm challenged by thesoftening commercial insurance market and the surrender of some $1billion in contingency fees following the settlement of bid-riggingcharges that tarnished the mega-broker's reputation.

"I spent the first years of my career at Marsh," Mr. Glaserrecalled in an interview with National Underwriter. "I met my wifeat Marsh. I'm concerned what happened to it, and even though I'mrealistic about the challenges that we face at Marsh, I've got atremendous amount of optimism that we can put that right."

Last week, Mr. Glaser--the 47-year-old managing director ofAmerican International Group Europe (U.K.) Ltd., and the regionalpresident of AIG's American International Underwriters' UnitedKingdom/Ireland division--was tapped to return to the brokeragefirm that launched his career.

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