New York-based Marsh & McLennan Cos. Inc. says it will no longer accept contingent commissions in the U.S. A five-year-old prohibition on the practice agreed upon by Marsh, Willis Group Holdings and Aon Corp. with regulators in three states was lifted in February.
"Serving our clients is our top priority," Joseph McSweeny, president, U.S. & Canada Division of Marsh said in a statement. "We will continue to distinguish ourselves through our teamwork, service, innovation and global reach."
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