Canadian Underwriter

Marsh & McLennan receives SEC subpoena on Trident

December 23, 2004   by Canadian Underwriter

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The U.S. Securities Exchange Commission (SEC) is investigating the insurance investment funds managed by Marsh & McLennan Cos. Ltd.
In a filing this week, MMC acknowledge receipt of an SEC subpoena as part of a formal investigation. “The request for information seeks documents and other information concerning related-party transactions in which a director, executive officer or 5% stockholder of MMC had a direct or indirect material interest, including transactions with the Trident funds,” notes the company filing.
Trident Funds is part of MMC Capital, and invests in insurance, reinsurance and financial services companies. Companies within the Trident portfolios include: AXIS, Arch, and Danish Re.

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