Leading the Way in Transparency
Our clients deserve our finest effort when they engage Marsh to obtain insurance coverage. A key component of this is the placement process — determining appropriate insurers for the types of risk involved and negotiating with those insurers on behalf of our clients to obtain optimal coverage at a competitive price.
Marsh is fully committed to the principle of transparency in our insurance transactions. As part of that commitment, we have created a Compensation Guide for U.S. Clients — a publication that summarizes summarizes our key U.S. business segments, describes the types of compensation we might receive, and explores our continued commitment to transparency and managing conflicts of interest.
In addition, we have established a toll-free "Ethics & Compliance" line at 800-381-2105. Please use this number to submit any concerns or complaints you may have related to compensation paid or payable to Marsh by insurers or any other third parties.
Disclosure
Available here is information for clients and prospective clients regarding (1) equity interests of Marsh & McLennan Companies, Inc. and its subsidiaries in insurers and (2) contractual arrangements between Marsh & McLennan Companies, Inc. and its subsidiaries, on the one hand, and insurers and wholesalers, on the other.
Statement Regarding Altering Compensation
Marsh is prohibited by law in most states from altering the amount of compensation received from the insurer based in whole or in part on the sale of this insurance.*
*This disclosure is mandated by New York State Insurance Department Regulation No. 194 (11 NYCRR 30) §30.3(5). We interpret this provision to refer to the various anti-rebating insurance laws throughout the country, such as New York Insurance Law §2324 which prohibits insurance companies, agents and brokers from sharing or rebating commissions as an inducement to making an insurance contract. Marsh makes the above statement based on that interpretation.
If you would like more information or have questions, please contact your client representative, or contact us at questions@marsh.com.