One challenge facing the new chief executive of Marsh, DanielGlaser, will be calls for a breakup of his corporate parent, Marsh& McLennan Companies, to maximize shareholder value and protectthe individual company's worth.

Toronto, Canada-based K.J. Harrison & Partners called lastweek for the breakup of New York-based MMC. The company is notmerely a casual observer, having held more than one million sharesof MMC's stock since 2004.

Jim Harrison, the chief executive officer of K.J. Harrison, saidin a statement that his company wants shareholders to vote on aresolution to separate Kroll (MMC's risk management subsidiary) andMercer (its benefits consulting arm) from the insurance brokerageservices of Marsh and reinsurance intermediary Guy Carpenter.

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