Marsh & McLennan's chief executive officer Michael Cherkasky is to perform a "market check" to determine the value of MMC's subsidiary, Putnam Investments.

Cherkasky said: "Over the last few months there have been repeated inquiries from parties interested in either acquiring or partnering with Putnam. Therefore, in consultation with MMC's board, I decided it was in the interest of our shareholders to do a market check to determine the value others would put on Putnam.

"We have just commenced this process and have not decided to take any specific action in regard to Putnam at this time."

Putnam Investments is a money management firm, managing $180bn in assets, of which $119bn is for mutual fund investors and $61bn is for institutional accounts.


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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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