Jeffrey Greenberg, former Marsh & McLennan chief executive officer, is raising funds for a private equity fund that will invest in insurance and other financial services companies, the Wall Street Journal has reported.
The fund, named Acquline, could be up to $1 billion, one person familiar with the plans told the Journal.
Almost a year ago Greenberg stepped down as head of the giant insurance broker in response to investigations by New York Attorney General Eliot Spitzer.
Topics Carriers
Was this article valuable?
Here are more articles you may enjoy.
State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in MS Sewage Backup 
Florida Regulators Crack the Whip on Auto Warranty Firm, Fake Certificates of Insurance 
Fla. Commissioner Offers Major Changes to Citizens’ Commercial Clearinghouse Plan 
World’s Growing Civil Unrest Has an Insurance Sting 
