Business news for Fri, 21 Dec 2007 & with words insurance+sale. 2 news.

Marsh & McLennan which owns one of the world's biggest insurance brokers, has ousted Michael Cherkasky as chief executive in a move that could pave the way for a sale or break-up

Equitable Life, the insurance mutual which sensationally collapsed in 2000, has decided to put itself up for sale after receiving several approaches.