Marsh Decides to Keep Businesses

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.