Exhibit 10.1
AMENDMENT #2 TO
AGREEMENT BETWEEN THE ATTORNEY GENERAL OF THE STATE OF NEW
YORK AND THE SUPERINTENDENT OF INSURANCE OF THE STATE OF NEW
YORK, AND MARSH & McLENNAN COMPANIES, INC., MARSH, INC. AND THEIR
SUBSIDIARIES AND AFFILIATES (collectively “MARSH”) DATED JANUARY 30, 2005
(hereinafter, the “Settlement Agreement”)
WHEREAS, the parties have agreed to amend the Settlement Agreement to clarify its
application to certain Marsh businesses and practices;
NOW THEREFORE, the parties agree that the Settlement Agreement shall be clarified
and amended as follows:
If The Schinnerer Group, Inc. or Price Forbes Limited (UK) or any of their direct or
indirect subsidiaries are no longer directly or indirectly owned by Marsh as of October 31, 2005,
then such entity or entities which are no longer owned by Marsh shall not be subject the
requirements of the Settlement Agreement. If The Schinnerer Group, Inc. or Price Forbes
Limited (UK) or any of their direct or indirect subsidiaries remain directly or indirectly owned by
Marsh on October 31, 2005, then the provisions of the Settlement Agreement shall continue to
apply to such entity or entities, even if sold at a later date.
WHEREFORE, the following signatures are affixed hereto on this 27th day of
September, 2005.
ELIOT SPITZER | HOWARD MILLS |
/s/ Eliot Spitzer | /s/ Howard Mills |
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Attorney General | Superintendent of Insurance |
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State of New York | New York State Insurance Department | |||||||
120 Broadway, 25th Floor | 25 Beaver Street |
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New York, NY 10271 | New York, NY 10004 |
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Marsh & McLennan Companies, Inc. | Marsh Inc. |
/s/ Michael G. Cherkasky | /s/ Michael G. Cherkasky |
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Michael G. Cherkasky | Michael G. Cherkasky |
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President and CEO | Chairman and CEO |
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1166 Avenue of the Americas | 1166 Avenue of the Americas | |||||||
New York, NY 10036 | New York, NY 10036 |
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