The ink wasn’t dry on H. Edward Hanway’s retirement package with health insurer CIGNA when he was elected to the board of directors for mega-broker Marsh & McLennan Co. (MMC).

Hanway served as CIGNA’s chairman and CEO from 2000 to 2009. In late 2009, the 57-year-old Hanway said he was retiring, and CIGNA said replacements would reflect a would split in his duties, naming David Cordani as its CEO, and Isaiah “Ike” Harris Jr. as company chairman, effective Jan. 1.

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