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Marsh outlines reforms in wake of Spitzer

Marsh & McLennan Companies announced today that Marsh Inc, its risk and insurance services subsidiary, is implementing a series of significant reforms to its business model that it claims “will ensure that the best interests of its clients are served and that every transaction is executed in accordance with the highest professional and ethical standards”.

From 1 January Marsh said it will permanently eliminate the practice of receiving any form of contingent compensation from insurers; the broker added all revenue streams will be 100 percent

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