U.S. Trust Company of New York has elected David A. Olsen, chairman and chief executive of Johnson & Higgins, the giant New York insurance brokerage firm, as a director.

Mr. Olsen, 59, is also in line to be vice chairman of Marsh & McClennan, which last week announced it would buy Johnson & Higgins and thus become the world's biggest insurance brokerage firm.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.