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Article: Second Marsh bid-rigging trial comes to close; Judge expected to rule this week on charges against 3 former execs.(NEWS)
- Article from:
- Business Insurance
- Article date:
- October 26, 2009
- Author:
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: COLLEEN McCARTHY
A New York judge is expected to issue a verdict today in the trial of three former Marsh Inc. executives accused of conspiring to steer excess casualty clients to favored insurers, concluding the second trial in connection with the broker's contingent commission practices.
The defendantsJoseph Peiser, former managing director and head of Marsh's global broking excess casualty unit; Greg J. Doherty, former Marsh senior vp and ACE USA local broking coordinator team leader; and Kathleen M. Drake, former Marsh managing director and local broking coordinator team leaderare accused of defrauding Marsh clients by arranging ...