US insurance broker Marsh has hired a marketing company after it was hit by the Spitzer scandal
Two years after New York attorney Elliot Spitzer’s accusations of rigging bids and kickbacks, insurance broker Marsh & McLennan Cos. Inc. has hired Ogilvy & Mather Worldwide to deliver an advertising campaign, reports The New York Times.
In February 2005 US insurance broker Marsh paid $850m (£451m) to settle charges that it conspired with insurance providers to rig the marketplace.
Marsh's brokers were accused of taking payoffs from insurance providers in exchange for passing clients their way.
Spitzer said the practice meant that corporate clients were denied the best prices for the policies they required.