In a reversal from its previous position that it would not sell its subsidiary Putnam Investments, Marsh & McLennan is now exploring how much it could get from such a sale.

"Over the last few months there have been repeated inquiries from parties interested in either acquiring or partnering with Putnam," MMC President and Chief Executive Officer Michael G. Cherkasky said in a statement. "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."

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