Marsh & McLennan Companies will not sell any of its various businesses, the company announced after completing a strategic review of its options.
Michael G. Cherkasky, president and chief executive officer of Marsh & McLennan Companies, Inc., announced the decision not to sell or spin off any of its current units that include insurance broker Marsh, reinsurance intermediary Guy Carpenter, risk services firm Kroll, investment advisor Putnam Investments, Mercer Human Resource Consulting and Mercer Specialty Consulting.
Instead, Cherkasky said that the focus of MMC is to operate these businesses to provide superior service and advice to clients and to deliver value to its shareholders.
Was this article valuable?
Here are more articles you may enjoy.
New Jersey High Court Upholds Immunity for Paramedics in Infant’s Brain Injury Case 
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO 
Florida Supreme Court Ruling Could Mean New Pressure to Settle High-Dollar Lawsuits 
Ford’s AI Hiccups Lead Carmaker to Rehire ‘Gray Beard’ Engineers 
