David Olsen, director of insurance company Marsh & McLennan, dies at the age of 71

Marsh & McLennan director David Olsen, 71, dies

NEW YORK — A Marsh & McLennan Cos. board member, David A. Olsen, died Saturday, the company said in a statement Wednesday. He was 71.

Olsen had served on the board of the insurance company since 1997. He also was a member of the audit, compliance and corporate responsibility committees.

He joined Marsh & McLennan after it bought Johnson & Higgins in 1997. He had been CEO of Johnson & Higgins since 1990.