Marsh & McLennan Hires AIG's Doyle for Brokerage Unit

  • John Doyle previously led commercial operations at AIG
  • Termination package could have reached more than $17 million
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Marsh & McLennan Cos., the largest insurance broker by market value, hired former American International Group Inc. executive John Doyle as president of its flagship brokerage unit.

Doyle will start April 15, reporting to Peter Zaffino, chief executive officer of Marsh Inc., the New York-based company said Monday in a statementBloomberg Terminal.