Hints and tips:
...By rigging the bidding process, the complaint alleges that Marsh and the insurance companies would both end up getting what they wanted....
...Evan Greenberg, his brother, is chief executive of Bermuda-based Ace. AIG and Ace were named in the suit, which alleges systematic rigging of bidding contracts for large insurance policies....
...Patricia Abrams, a vice-president in the casualty division of Ace, the Bermuda insurer, last night became the third person to plead guilty to a criminal charge related to the Spitzer probe....
...Last month, the tenacious New York attorney general extended his earlier investigation of bid-rigging in the insurance industry to look at how insurers and reinsurers help their clients manipulate their...
...There isn't a lot of sympathy among people in the capital markets for the bid-rigging insurance brokers, and the underwriters who conspired with them....
International Edition