Marsh & McLennan's chief executive officer called the company's results mixed, with challenges for parts of the business, but predicted the company would begin to see a better financial picture in 2006.

Michael G. Cherkasky, president and chief executive officer for New York-based MMC, said the company's earnings were "mixed, with challenges continuing in [Marsh]. That said, we continue to make the slow progress that 2006 will be a better year for MMC."

MMC is the parent of the insurance brokerage firm Marsh.

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