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Member, Beacon International Group, Ltd.
NEW YORK—David A. Olsen, former chairman and chief executive officer of Johnson & Higgins and later director of Marsh & McLennan Cos. Inc., has died after a brief illness. He was 71.
Mr. Olsen joined MMC in 1997 following its acquisition of J&H, where he had served as chairman and CEO since 1990 and 1991, respectively. He served as MMC vice chairman from June through December 1997 and was elected to MMC's board the same year.
Mr. Olsen joined J&H in 1966 and helped it become the world's sixth-largest broker before it merged with MMC in a $1.8 billion cash-and-stock transaction.
“We are deeply saddened by David's passing. Both he and J&H played a significant role in what our company is today, and we will miss the leadership and camaraderie he displayed both as a director and a member of the MMC family,” Brian Duperreault, president and CEO of MMC, wrote in a Monday e-mail to colleagues.