Operations News

Marsh & McLennan Cos. Lowered

Standard & Poor’s Rating Services lowered its counterparty credit rating on Marsh & McLennan Cos. (MMC) to “BBB+/A-2” from “A+/A-1.”...

AON ENDS CONTINGENT COMMISSIONS:

Chicago-based brokerage giant Aon Corp. announced that it is eliminating its practice of accepting contingent commissions from underwriters. The move...

Willis Placed on Credit Watch Neg

S&P placed its “BBB-” counterparty credit rating on Willis Group Holdings Inc. on credit watch with negative implications following recent...