Marsh sets $230m incentive fees for compensation fund

Marsh & McLennan, the troubled insurance broker, is to collect and set aside around $230m (€181m) in incentive fees to help compensate alleged victims of the so-called pay-to-play scandal which has rocked the US insurance business.

Eliot Spitzer, the New York state attorney general, has sued Marsh & McLennan accusing the firm of bid rigging and using the incentive fees - also known as contingent commissions - to manipulate the sales of insurance policies.

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