Marsh & McLennan Companies, Inc.

Two subsidiaries of Bermuda-based insurers have been named as “co-conspirators” of reinsurance broker Guy Carpenter in an alleged billion-dollar, price-fixing scheme that Connecticut Attorney General Richard Blumenthal claims “illegally inflated insurance costs for insurance companies and consumers nationwide”.Details are contained in a civil complaint filed by the State of Connecticut at the Superior Court for the Judicial District of Hartford, Connecticut on October 4, 2007.

Eight Bermuda based companies are among the defendants in a recently civil lawsuit filed recently by clients of broker Marsh & McLennan who claim they were damaged in a bid rigging scam. One of the plaintiffs is also incorporated in Bermuda.