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An actuary is a business professional who analyzes the financial consequences of risk.

Monday, October 25, 2004

New Marsh & McLennan CEO

Marsh & McLennan said Monday Chairman and Chief Executive Jeffrey Greenberg resigned, 11 days after New York's attorney general accused the world's biggest insurance broker of rigging insurance prices. Michael Cherkasky, the chairman and chief executive of Marsh's risk and insurance services unit [appointed to that role just 10 days ago -- you'd think that would be worth mentioning in the lead paragraph], is replacing Greenberg as chief executive, and will retain his existing titles, the company said.
Posted by ALD at 7:41 PM

2 comments:

UnknownVariable said...
This comment has been removed by a blog administrator.
1:36 PM
ALD said...

Any particular reason you deleted your comment? (I saw it when first posted, btw.)

2:57 PM

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ALD
I'm a veteran of two careers - high school math and physics teacher, retirement consulting actuary - who is now enjoying the pleasure of staying at home for my daughter. (My avatar is in honor of Will Durant, whom I consider the last true sage.)
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      • Spitzer & Cherkasky
      • SOA Exam 5
      • New Marsh & McLennan CEO
      • SOA Education Redesign
      • MMC CEO not to step down?
      • Brokers to stop accepting incentive commissions
      • MMC CEO to step down?
      • Anniversary
      • Tumble in insurance sector continues
      • Taking 401(k) Distributions
      • Marsh axes brokerage head, Appoints Cherkasky (Kro...
      • Two AIG Executives Guilty
      • More on the Spitzer probe
      • NY Attorney General Complaint
      • Insurers' Stocks Plunge on Spitzer Probe
      • PBGC Deficit Could Double
      • 401(k) Participation Rate Slips
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      • First blog post