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MARSH FORMS MARSH & McLENNAN AGENCY TO SERVE SMALL & EMERGING GROWTH U.S. BUSINESSES
New York, October 24, 2008 —
Marsh today announced that it has formed Marsh & McLennan Agency LLC, a new business dedicated to serving the insurance needs of small and emerging growth U.S. companies. The agency will conduct its business separately from Marsh's insurance brokerage operations.
 "This is a very exciting step in the growth of our United States operations," said Dan Glaser, chairman and CEO of Marsh.
"We recognize that large and small organizations expect distinctly different insurance buying experiences. We have established Marsh & McLennan Agency, a subsidiary of Marsh USA, to address those distinctions," said Joe McSweeny, president of the U.S. / Canada Division of Marsh.
Jack Butcher, president and CEO of the newly formed agency, stated, "Our vision for Marsh & McLennan Agency is to be one of the premiere insurance agencies in the United States, offering commercial property and casualty, directors & officers liability, surety, employee benefits and personal lines products to customers through a dedicated sales and service force in retail locations across the U.S. By combining the product and service capabilities of chosen
insurance companies with our industry expertise, our dedicated teams will deliver local customer service focus, valuable insurance market relationships, and access to global resources."
Marsh & McLennan Agency will begin operating in the first quarter of 2009 in select cities across the United States.
"We believe that the Marsh & McLennan Agency will be a positive development for insurance buyers and anticipate that the agency will be able to offer customers favorable coverage at competitive rates, as well as differentiated insurance solutions," Mr. McSweeny added.
Marsh has 26,000 employees and provides advice and transactional capabilities to clients in over 100 countries. Marsh is a unit of Marsh & McLennan Companies (MMC), a global professional services firm with more than 55,000 employees and annual revenue exceeding $11 billion. MMC also is the parent company of Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of HR and related financial advice and services; Oliver Wyman, the management consultancy; and Kroll, the risk consulting firm. MMC's stock (ticker symbol: MMC) is listed on the New York, Chicago and London stock exchanges. MMC's Web Site is www.mmc.com.
Media Contacts
Al Modugno
212-345-2448
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