In addition to his new responsibilities, Feuer will continue to lead Marsh ‘ s U.S. Middle Market and Small Commercial segments, and remain a member of the firm ‘ s Executive Committee, where he reports to Marsh Chairman & CEO Brian Storms, the company said.
In his capacity as CEO of Marsh ‘ s U.S. business, Feuer will also report to Timothy J. Mahoney, Jr., Marsh ‘ s CEO of the Americas, who has management responsibility for Canada and Latin America as well.
Feuer joined Marsh in November 2006 to grow the firm’s share in the middle market space.
In giving Feuer responsibility for day-to-day operations in the U.S., Marsh said it gets the added benefit of having Mahoney assume an even higher profile with the firm ‘ s largest U.S. and global accounts – especially in the Fortune 500 space.
Marsh’s corporate parent, Marsh & McLennan Companies (MMC), was a key target in a federal/state insurance bid-rigging probe and agreed in January 2005 to set up an $850 million fund to compensate clients hurt by business practices it admitted were “shameful.”(See MMC Settles ‘Shameful’ Bid-Rigging Case ).