At the height of the Suez crisis, Chicago's Marsh & McLennan Inc., one of the world's biggest and most diversified industrial-insurance brokers, got a hurry-up call from the U.N. Would M. & M. take on the job of placing insurance for the U.N.'s 4,000-man police force in the Middle East against the hazards of war? Though M. & M. had never heard of such insurance being written before by a private company, it lost no time protecting the international force. Within 24 hours it had arranged for Continental Casualty Co. to write...
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