The U.S. unit of Bermuda-based ACE Ltd. did not admit to the charges, but agreed to settlements with attorneys general of Florida, Hawaii, Maryland, Massachusetts, Michigan, Oregon, Texas, West Virginia and the District of Columbia.
In 2004, ACE had been as one of several insurers allegedly colluding in the bid-rigging scheme in a lawsuit filed against Marsh by then-New York Attorney General and now New York Governor Eliot Spitzer.
ACE agreed in April 2006 to pay $80 million in restitution and penalties to resolve investigations by New York, Connecticut and Illinois into the alleged bid-rigging and sham finite reinsurance contracts.
ACE had no comment on the latest settlement.