Despite the number of lawsuits recently filed against the company in connection to the mutual fund scandal involving Putnam Investments, Marsh McLennan Co. saw a 21 percent jump in profits, Reuters reports.

The company attributed this increase to higher insurance rates and improvement at Putnam. Marsh continued that all units posted significant revenue gains last quarter although it incurred $24 million in costs related to Putnam funds and other expenses related to improper trading. Overall, shares rose more than 2 percent.  

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