Analysts reacted positively to the news of Brian Duperreault's appointment as Marsh & McLennan Companies' chief executive officer, with many saying that his lack of brokerage experience would not be a liability as the company moves forward.
The company announced his appointment yesterday to replace Michael G. Cherkasky as head of the parent company for New York-based Marsh Inc. insurance brokerage, which has been financially troubled since it was tied by authorities to a commercial insurance price fixing scheme.
David Small, a financial analyst with Bear Stearns, wrote that while Mr. Duperreault does not have insurance brokerage experience, his past career at ACE Ltd. and American International Group “should serve him well in this new role.”
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