AIG’s Glaser Named Marsh CEO

Marsh & McLennan Companies, Inc. has named Daniel S. Glaser, an AIG executive who began his career as a Marsh broker, as chairman and chief executive officer of its insurance broker, Marsh Inc.

Glaser currently serves as managing director of AIG Europe (U.K.) Limited and the regional president of AIG’s American International Underwriters (AIU), UK/Ireland division.

He joins Marsh on December 10, 2007.

Glaser began his career in the insurance industry as a Marsh broker in 1982. He worked at Marsh for a decade, serving in roles in New York, London and Saudi Arabia. Thereafter, he spent eight years at Willis, where he served as president and chief operating officer of Willis Risk Solutions, the large accounts practice. In 2000, he joined AIG as president of the Global Energy Division and, in 2002, was named managing director of AIG Europe (U.K.), AIU’s largest division.

Glaser succeeds Brian M. Storms, who was forced out of the position in September. During the search for a successor, Michael G. Cherkasky, president and chief executive officer of parent Marsh & McLennan Companies, Inc. (MMC) , served as acting CEO of Marsh.

Glaser currently lives in London and will relocate to MMC’s corporate headquarters in New York, the company said. He will report to Cherkasky.

Source: MMC
www.mmc.com