Exhibit 21
Marsh & McLennan Companies, Inc.
List of Subsidiaries
as of 2-17-2012
List of Subsidiaries
as of 2-17-2012
| Company Name | Country | |
| 1 | A. Constantinidi & CIA. S.C. | Uruguay |
| 2 | A.C.N. 000 951 146 Pty Limited | Australia |
| 3 | A.C.N. 001 572 961 Pty Limited | Australia |
| 4 | A.C.N. 076 935 683 Pty Limited | Australia |
| 5 | A.C.N. 102 322 574 Pty Limited | Australia |
| 6 | Academee Limited | United Kingdom |
| 7 | Academee Pte Limited | Singapore |
| 8 | Access Equity Enhanced Fund GP, LLC | Delaware |
| 9 | Admiral Holdings Limited | United Kingdom |
| 10 | Advantage Premium Finance Company | Texas |
| 11 | AFCO Premium Acceptance Inc. | California |
| 12 | AFCO Premium Credit LLC | Delaware |
| 13 | Affinity Financial, Incorporated | Iowa |
| 14 | Aldgate Investments Limited | Bermuda |
| 15 | Alexander Forbes Compensation Technologies Administration (Pty) Limited | South Africa |
| 16 | Alexander Forbes iConnect (Pty) Limited | South Africa |
| 17 | Alexander Forbes Insurance Management Services Namibia (Pty) Limited | Namibia |
| 18 | Alexander Forbes Risk Services (Botswana) (Pty) Limited | Botswana |
| 19 | All Asia Sedgwick Insurance Brokers Corporation | Philippines |
| 20 | APRIMAN, Inc. (for dissolution) | California |
| 21 | Assivalo Comercial E Representacoes Ltda. | Brazil |
| 22 | Assur Conseils Marsh S.A. | Senegal |
| 23 | Assurance Capital Corporation | Virginia |
| 24 | Assurance Services Corporation | Virginia |
| 25 | Australian World Underwriters Pty Ltd. | Australia |
| 26 | Bain Clarkson Reinsurance Pty Ltd. | Australia |
| 27 | BM 2011 Limited (in liquidation) | United Kingdom |
| 28 | BMAR 2011 Limited (in liquidation) | United Kingdom |
| 29 | Bostonian Solutions Property & Casualty, LLC | Massachusetts |
| 30 | Bowring (Bermuda) Investments Ltd. | Bermuda |
| 31 | Bowring Marine Limited | United Kingdom |
| 32 | Bowring Marsh (Bermuda) Ltd. | Bermuda |
| 33 | Bowring Marsh (Dublin) Limited | Ireland |
| 34 | Bowring Marsh Asia Pte. Ltd. | Singapore |
| 35 | Bowring Marsh Corretora de Resseguros Ltda. | Brazil |
| 36 | Bowring Marsh Limited | United Kingdom |
| 37 | Buro Riethmann AG | Switzerland |
| 38 | C.T. Bowring Limited | United Kingdom |
| 39 | Capatho AB | Sweden |
| 40 | Chas. G. Haake & Sons, Inc. | Missouri |
| 41 | Chronos Insurance Brokers Pty Limited | Australia |
| 42 | Claims and Recovery Management (Australia) Pty Limited | Australia |
| 43 | Collins Capital Advisors, LLC | Minnesota |
| 44 | Collins Capital Holdings, LLC | Minnesota |
| 45 | Compañias DeLima S.A. | Colombia |
| 46 | Confidentia Life Insurance Agency Ltd. | Israel |
| 47 | Confidentia Marine Insurance Agency (1983) Ltd. | Israel |
| 48 | Constantinidi Marsh SA | Uruguay |
| 49 | Consultores 2020 C.A. | Venezuela |
| 50 | Consultores de Proteccion y Riesgos Ltda. | Colombia |
| 51 | CRG (Singapore) Pte Ltd | Singapore |
| 52 | CS STARS LLC | Delaware |
| 53 | Cullen Egan Dell Limited | New Zealand |
| 54 | DeLima Marsh S.A. - Los Corredores de Seguros S.A. | Colombia |
| 55 | Deutsche Post Assekuranz Vermittlungs GmbH | Germany |
| 56 | DVA - Deutsche Verkehrs-Assekuranz-Vermittlungs GmbH | Germany |
| 57 | EnBW Versicherungs Vermittlung GmbH | Germany |
| 58 | Encompass Insurance Agency Pty Ltd. | Australia |
| 59 | Encon Group Inc./Groupe Encon Inc. | Canada |
| 60 | English Pension Trustees Limited | United Kingdom |
| 61 | Epsilon (US) Insurance Company | New York |
| 62 | Epsilon Insurance Company, Ltd. | Cayman Islands |
| 63 | Exmoor Management Company Limited | Bermuda |
| 64 | Faulkner & Flynn, Inc. | Virginia |
| 65 | Gem Insurance Company Limited | Bermuda |
| 66 | Generale de Courtage d'Assurances S.A.R.L. | Togo |
| 67 | Gerenciadora de Riesgos S.A. | Argentina |
| 68 | GHC Financial Institutions Insurance Services Limited | United Kingdom |
| 69 | Gibbs Treaty Limited | United Kingdom |
| 70 | Global Premium Finance Company | Virginia |
| 71 | Guian S.A. | France |
| 72 | Guy Carpenter & Cia (Mexico) S.A. de C.V. | Mexico |
| 73 | Guy Carpenter & Cia., S.A. | Spain |
| 74 | Guy Carpenter & Co. Labuan Ltd. | Malaysia |
| 75 | Guy Carpenter & Company (Pty) Limited | South Africa |
| 76 | Guy Carpenter & Company AB | Sweden |
| 77 | Guy Carpenter & Company B.V. | Netherlands |
| 78 | Guy Carpenter & Company Corredores de Reaseguros Limitada | Chile |
| 79 | Guy Carpenter & Company GmbH | Germany |
| 80 | Guy Carpenter & Company Limited | United Kingdom |
| 81 | Guy Carpenter & Company Limited | Ireland |
| 82 | Guy Carpenter & Company Limited | New Zealand |
| 83 | Guy Carpenter & Company Peru Corredores de Reaseguros S.A. | Peru |
| 84 | Guy Carpenter & Company Private Limited | Singapore |
| 85 | Guy Carpenter & Company Pty. Limited | Australia |
| 86 | Guy Carpenter & Company S.A. (Uruguay) | Uruguay |
| 87 | Guy Carpenter & Company S.r.l. | Italy |
| 88 | Guy Carpenter & Company Venezuela, C.A. (in liquidation) | Venezuela |
| 89 | Guy Carpenter & Company, Limited | Hong Kong |
| 90 | Guy Carpenter & Company, LLC | Delaware |
| 91 | Guy Carpenter & Company, Ltd./Guy Carpenter & Compagnie, Ltee | Canada |
| 92 | Guy Carpenter & Company, Ltda. | Brazil |
| 93 | Guy Carpenter & Company, S.A. | Belgium |
| 94 | Guy Carpenter & Company, S.A. | Argentina |
| 95 | Guy Carpenter & Company, S.A.S. | France |
| 96 | Guy Carpenter Bermuda Ltd. | Bermuda |
| 97 | Guy Carpenter Broking, Inc. | Delaware |
| 98 | Guy Carpenter Colombia Corredores de Reaseguros Ltda. | Colombia |
| 99 | Guy Carpenter Insurance Brokers (Beijing) Co. Ltd. | China |
| 100 | Guy Carpenter Japan, Inc. | Japan |
| 101 | Guy Carpenter Mexico Intermediario de Reaseguro, S.A. de C.V. | Mexico |
| 102 | Guy Carpenter Reinsurance Brokers Philippines, Inc. | Philippines |
| 103 | Hansen International Limited | Delaware |
| 104 | HAPIP GP 2009, LLC | Delaware |
| 105 | HAPIP GP, LLC | Delaware |
| 106 | Houstoun, Woodard, Eason, Gentle, Tomforde and Anderson, Inc. | Texas |
| 107 | HSBC Insurance Brokers (Singapore) Pte Ltd. | Singapore |
| 108 | HSBC Insurance Brokers International (Abu Dhabi) LLC | United Arab Emirates |
| 109 | IA/BCH Strategic Alliance, L.L.C. | Texas |
| 110 | IAS Barbados, Ltd. | Barbados |
| 111 | Industrial Risks Protection Consultants | Nigeria |
| 112 | Insbrokers Ltda. | Uruguay |
| 113 | INSIA a.s. | Czech Republic |
| 114 | InSolutions Limited | United Kingdom |
| 115 | Insurance Brokers of Nigeria Limited | Nigeria |
| 116 | Interlink Securities Corp. | California |
| 117 | Invercol Limited | Bermuda |
| 118 | Irish Pensions Trust Limited | Ireland |
| 119 | J&H Benefits Plus, Inc. | Philippines |
| 120 | J&H Marsh & McLennan Limited | Hong Kong |
| 121 | Japan Affinity Marketing, Inc. | Japan |
| 122 | John B. Collins Associates (UK) Limited (in liquidation) | United Kingdom |
| 123 | Johnson & Higgins (Bermuda) Limited | Bermuda |
| 124 | Johnson & Higgins Holdings Limited (in liquidation) | United Kingdom |
| 125 | Johnson & Higgins Limited | United Kingdom |
| 126 | Kessler & Co Inc. | Switzerland |
| 127 | Kessler & Co Inc. | Liechtenstein |
| 128 | Kessler Consulting Inc. | Switzerland |
| 129 | Kessler Prevoyance Inc. | Switzerland |
| 130 | Law and Business Economics Limited | United Kingdom |
| 131 | Lippincott & Margulies, Inc. | New York |
| 132 | Lynch Insurance Brokers Limited | Barbados |
| 133 | M&M Vehicle, L.P. | Delaware |
| 134 | M.A.S. 2010 Limited (in liquidation) | United Kingdom |
| 135 | M.S. 2010 Limited (in liquidation) | United Kingdom |
| 136 | Macquarie J.V. | Australia |
| 137 | Mangrove Insurance Solutions PCC Limited | Isle of Man |
| 138 | Mangrove Insurance Solutions, PCC | District Of Columbia |
| 139 | Marsh & McLennan (PNG) Limited | Papua New Guinea |
| 140 | Marsh & McLennan Agencies AS | Norway |
| 141 | Marsh & McLennan Agencies Ltd. | Hong Kong |
| 142 | Marsh & McLennan Agency AB | Sweden |
| 143 | Marsh & McLennan Agency LLC | Delaware |
| 144 | Marsh & McLennan Argentina SA Corredores de Reaseguros | Argentina |
| 145 | Marsh & McLennan C&I GP, Inc. | Delaware |
| 146 | Marsh & McLennan Companies France S.A. | France |
| 147 | Marsh & McLennan Companies UK Limited | United Kingdom |
| 148 | Marsh & McLennan Companies, Inc. | Delaware |
| 149 | Marsh & McLennan Deutschland GmbH | Germany |
| 150 | Marsh & McLennan Global Broking (Bermuda) Limited | Bermuda |
| 151 | Marsh & McLennan GP I, Inc. | Delaware |
| 152 | Marsh & McLennan GP II, Inc. | Delaware |
| 153 | Marsh & McLennan Holdings, Inc. | Delaware |
| 154 | Marsh & McLennan Insurance Services Limited | Hong Kong |
| 155 | Marsh & McLennan Management Services (Bermuda) Limited | Bermuda |
| 156 | Marsh & McLennan Risk Capital Holdings, Ltd. | Delaware |
| 157 | Marsh & McLennan Servicios, S.A. De C.V. | Mexico |
| 158 | Marsh & McLennan Shared Services Canada Limited/Services partagés Marsh & McLennan Canada limitée | Canada |
| 159 | Marsh & McLennan Shared Services Corporation | Delaware |
| 160 | Marsh & McLennan Sweden AB | Sweden |
| 161 | Marsh & McLennan Tech GP II, Inc. | Delaware |
| 162 | Marsh & McLennan, Incorporated (for dissolution) | Virgin Islands |
| 163 | Marsh (Bahrain) Company SPC | Bahrain |
| 164 | Marsh (Beijing) Insurance Brokers Co. Ltd. | China |
| 165 | Marsh (Beijing) Risk Consulting Co. Ltd. | China |
| 166 | Marsh (Hong Kong) Limited | Hong Kong |
| 167 | Marsh (Insurance Brokers) LLP | Kazakhstan |
| 168 | Marsh (Insurance Services) Limited | United Kingdom |
| 169 | Marsh (Isle of Man) Limited | Isle of Man |
| 170 | Marsh (Middle East) Limited | United Kingdom |
| 171 | Marsh (Namibia) (Pty) Limited | Namibia |
| 172 | Marsh (Proprietary) Limited | Botswana |
| 173 | Marsh (Pty) Limited | South Africa |
| 174 | Marsh (QLD) Pty Ltd. | Australia |
| 175 | Marsh (Risk Consulting) LLP | Kazakhstan |
| 176 | Marsh (Singapore) Pte Ltd | Singapore |
| 177 | Marsh - Insurance Brokers ZAO | Russian Federation |
| 178 | Marsh A/S | Denmark |
| 179 | Marsh AB | Sweden |
| 180 | Marsh Africa (Pty) Limited | South Africa |
| 181 | Marsh AG | Switzerland |
| 182 | Marsh Argentina S.R.L. | Argentina |
| 183 | Marsh AS | Norway |
| 184 | Marsh Associates (Pty) Ltd | South Africa |
| 185 | Marsh Austria G.m.b.H. | Austria |
| 186 | Marsh Aviation Insurance Broking Pty Ltd (In Liquidation) | Australia |
| 187 | Marsh B.V. | Netherlands |
| 188 | Marsh Brockman y Schuh Agente de Seguros y de Fianzas, S.A. de C.V. | Mexico |
| 189 | Marsh Broker de Asigurare-Reasigurare S.R.L. | Romania |
| 190 | Marsh Broker Japan, Inc. | Japan |
| 191 | Marsh Brokers (Hong Kong) Limited | Hong Kong |
| 192 | Marsh Brokers Limited | United Kingdom |
| 193 | Marsh Canada Limited/Marsh Canada Limitee | Canada |
| 194 | Marsh Commercial Insurance Agencies Pty Ltd. | Australia |
| 195 | Marsh Corporate Services (Barbados) Limited | Barbados |
| 196 | Marsh Corporate Services Isle of Man Ltd | Isle of Man |
| 197 | Marsh Corporate Services Limited | United Kingdom |
| 198 | Marsh Corporate Services Malta Limited | Malta |
| 199 | Marsh Corretora de Seguros Ltda. | Brazil |
| 200 | Marsh d.o.o. Beograd | Serbia, Republic of |
| 201 | Marsh d.o.o. za posredovanje u osiguranju | Croatia |
| 202 | Marsh Egypt LLC | Egypt |
| 203 | Marsh Employee Benefits Limited | Ireland |
| 204 | Marsh Employee Benefits Zimbabwe (Private) Ltd | Zimbabwe |
| 205 | Marsh EOOD | Bulgaria |
| 206 | Marsh Eurofinance B.V. | Netherlands |
| 207 | Marsh Europe S.A. | Belgium |
| 208 | Marsh Executive Benefits International Ltd. | Bermuda |
| 209 | Marsh Executive Benefits, Inc. | New York |
| 210 | Marsh For Insurance Services | Egypt |
| 211 | Marsh Global Markets Colombia Ltda Corredor de Reaseguro | Colombia |
| 212 | Marsh Global Placement S.A.C. Corredores de Reaseguros | Peru |
| 213 | Marsh GmbH | Germany |
| 214 | Marsh GSC Administracao e Corretagem de Seguros Ltda. | Brazil |
| 215 | Marsh Holding AB | Sweden |
| 216 | Marsh Holdings (Pty) Limited | South Africa |
| 217 | Marsh Holdings B.V. | Netherlands |
| 218 | Marsh IAS Management Services (Bermuda) Ltd. | Bermuda |
| 219 | Marsh Inc. | Delaware |
| 220 | Marsh India Insurance Brokers Private Limited | India |
| 221 | Marsh INSCO LLC | United Arab Emirates |
| 222 | Marsh Insurance & Investments Corp. | Delaware |
| 223 | Marsh Insurance and Reinsurance Brokers LLC | Azerbaijan |
| 224 | Marsh Insurance Brokers | United Kingdom |
| 225 | Marsh Insurance Brokers (Macau) Limited | Macao |
| 226 | Marsh Insurance Brokers (Malaysia) Sdn Bhd | Malaysia |
| 227 | Marsh Insurance Brokers (Private) Limited | Zimbabwe |
| 228 | Marsh Insurance Brokers Limited | Cyprus |
| 229 | Marsh Insurance Consulting Saudi Arabia | Saudi Arabia |
| 230 | Marsh Insurance Services Limited | New Zealand |
| 231 | Marsh Intermediaries, Inc. (for dissolution) | New York |
| 232 | Marsh International Broking Holdings Limited | United Kingdom |
| 233 | Marsh International Holdings II, Inc. | Delaware |
| 234 | Marsh International Holdings, Inc. | Delaware |
| 235 | Marsh Investment B.V. | Netherlands |
| 236 | Marsh Investment Services Limited | United Kingdom |
| 237 | Marsh Ireland Holdings Limited | Ireland |
| 238 | Marsh Israel (1999) Ltd. | Israel |
| 239 | Marsh Israel (Holdings) Ltd. | Israel |
| 240 | Marsh Israel Consultants Ltd. | Israel |
| 241 | Marsh Israel Insurance Agency Ltd. | Israel |
| 242 | Marsh Israel International Brokers Ltd. | Israel |
| 243 | Marsh Japan, Inc. | Japan |
| 244 | Marsh Kft. | Hungary |
| 245 | Marsh Kindlustusmaakler AS | Estonia |
| 246 | Marsh Korea, Inc. | Korea, Republic of |
| 247 | Marsh Life & Pension Oy | Finland |
| 248 | Marsh Limited | Fiji |
| 249 | Marsh Limited | New Zealand |
| 250 | Marsh Limited | United Kingdom |
| 251 | Marsh LLC | Ukraine |
| 252 | Marsh LLC Insurance Brokers | Greece |
| 253 | Marsh Ltd. | Wisconsin |
| 254 | Marsh Management Services (Barbados) Limited | Barbados |
| 255 | Marsh Management Services (British Virgin Islands) Ltd | Virgin Islands, British |
| 256 | Marsh Management Services (Cayman) Ltd. | Cayman Islands |
| 257 | Marsh Management Services (Dubai) Limited | United Arab Emirates |
| 258 | Marsh Management Services (Dublin) Limited | Ireland |
| 259 | Marsh Management Services (Gibraltar) Limited (in liquidation) | Gibraltar |
| 260 | Marsh Management Services (Labuan) Limited | Malaysia |
| 261 | Marsh Management Services (USVI) Ltd. | Virgin Islands |
| 262 | Marsh Management Services Guernsey Limited | Guernsey |
| 263 | Marsh Management Services Inc. | New York |
| 264 | Marsh Management Services Isle of Man Limited | Isle of Man |
| 265 | Marsh Management Services Jersey Limited | Jersey |
| 266 | Marsh Management Services Luxembourg SA | Luxembourg |
| 267 | Marsh Management Services Malta Limited | Malta |
| 268 | Marsh Management Services Singapore Pte. Ltd. | Singapore |
| 269 | Marsh Management Services Sweden AB | Sweden |
| 270 | Marsh Marine & Energy AB | Sweden |
| 271 | Marsh Mercer Holdings (Australia) Pty Ltd | Australia |
| 272 | Marsh Micronesia, Inc. | Guam |
| 273 | Marsh Oman LLC | Oman |
| 274 | Marsh Oy | Finland |
| 275 | Marsh PB Co., Ltd. | Thailand |
| 276 | Marsh Peru S.A. Corredores de Seguros | Peru |
| 277 | Marsh Philippines, Inc. | Philippines |
| 278 | Marsh Placement Services Hong Kong Ltd. | Hong Kong |
| 279 | Marsh Privat, A.I.E. | Spain |
| 280 | Marsh Private Client Life Insurance Services | California |
| 281 | Marsh Pty. Ltd. | Australia |
| 282 | Marsh Qatar LLC | Qatar |
| 283 | Marsh Resolutions Pty Limited | Australia |
| 284 | Marsh Risk Consulting B.V. | Netherlands |
| 285 | Marsh Risk Consulting Limitada | Chile |
| 286 | Marsh Risk Consulting Services S.r.L. | Italy |
| 287 | Marsh Risk Consulting, S.L. | Spain |
| 288 | Marsh Risk Management Private Ltd. | India |
| 289 | Marsh S.A. | Belgium |
| 290 | Marsh S.A. | France |
| 291 | Marsh S.A. Corredores De Seguros | Chile |
| 292 | Marsh S.p.A. | Italy |
| 293 | Marsh s.r.o. | Czech Republic |
| 294 | Marsh s.r.o. | Slovakia |
| 295 | Marsh SA | Luxembourg |
| 296 | Marsh SA (Argentina) | Argentina |
| 297 | Marsh Saldana Inc. | Puerto Rico |
| 298 | Marsh Saudi Arabia Insurance & Reinsurance Brokers | Saudi Arabia |
| 299 | Marsh Secretarial Services Limited | United Kingdom |
| 300 | Marsh Services Limited | United Kingdom |
| 301 | Marsh Services Spolka z.o.o. | Poland |
| 302 | Marsh SIA | Latvia |
| 303 | Marsh Sigorta ve Reasurans Brokerligi A.S. | Turkey |
| 304 | Marsh Spolka z.o.o. | Poland |
| 305 | Marsh Szolgaltato Kft. | Hungary |
| 306 | Marsh Takaful Brokers (Malaysia) Sdn Bhd | Malaysia |
| 307 | Marsh Treasury Services (Dublin) Limited | Ireland |
| 308 | Marsh Treasury Services Limited | United Kingdom |
| 309 | Marsh Tunisia S.A.R.L. | Tunisia |
| 310 | Marsh UK Limited | United Kingdom |
| 311 | Marsh USA (India) Inc. | Delaware |
| 312 | Marsh USA Borrower LLC | Delaware |
| 313 | Marsh USA Inc. | Delaware |
| 314 | Marsh Venezuela C.A. Sociedad de Corretaje de Seguros | Venezuela |
| 315 | Marsh Vietnam Insurance Broking Company Ltd | Vietnam |
| 316 | Marsh, Lda. | Portugal |
| 317 | Marsh, S.A. Mediadores de Seguros | Spain |
| 318 | Matthiessen Assurans AB | Sweden |
| 319 | Matthiessen Reinsurance Ltd AB | Sweden |
| 320 | Mearbridge LLC | Delaware |
| 321 | Mercer (Argentina) S.A. | Argentina |
| 322 | Mercer (Australia) Pty Ltd | Australia |
| 323 | Mercer (Austria) GmbH | Austria |
| 324 | Mercer (Belgium) SA-NV | Belgium |
| 325 | Mercer (Canada) Limited/Mercer (Canada) Limitee | Canada |
| 326 | Mercer (Colombia) Ltda. | Colombia |
| 327 | Mercer (Czech) a.s. | Czech Republic |
| 328 | Mercer (Danmark) A/S | Denmark |
| 329 | Mercer (Finland) OY | Finland |
| 330 | Mercer (France) SAS | France |
| 331 | Mercer (Hong Kong) Limited | Hong Kong |
| 332 | Mercer (Hungary) Kft. | Hungary |
| 333 | Mercer (Ireland) Limited | Ireland |
| 334 | Mercer (Malaysia) Sdn. Bhd. | Malaysia |
| 335 | Mercer (N.Z.) Limited | New Zealand |
| 336 | Mercer (Nederland) B.V. | Netherlands |
| 337 | Mercer (Norge) AS | Norway |
| 338 | Mercer (Polska) Sp.z o.o. | Poland |
| 339 | Mercer (Portugal) Lda | Portugal |
| 340 | Mercer (Puerto Rico), Inc. | Puerto Rico |
| 341 | Mercer (Singapore) Pte. Ltd. | Singapore |
| 342 | Mercer (Sweden) AB | Sweden |
| 343 | Mercer (Switzerland) SA | Switzerland |
| 344 | Mercer (Taiwan) Ltd. | Taiwan |
| 345 | Mercer (Thailand) Ltd. | Thailand |
| 346 | Mercer (US) Inc. | Delaware |
| 347 | Mercer Agencia de Seguros Ltda. | Colombia |
| 348 | Mercer Asesores de Seguros S.A. | Argentina |
| 349 | Mercer Broking Ltd. | Taiwan |
| 350 | Mercer Certificering B.V. | Netherlands |
| 351 | Mercer Consultation (Quebec) Ltee. | Canada |
| 352 | Mercer Consulting (Australia) Pty Ltd | Australia |
| 353 | Mercer Consulting (Chile) Ltda. | Chile |
| 354 | Mercer Consulting (China) Ltd. | China |
| 355 | Mercer Consulting (France) SAS | France |
| 356 | Mercer Consulting (India) Private Ltd. | India |
| 357 | Mercer Consulting B.V. | Netherlands |
| 358 | Mercer Consulting Holdings Sdn. Bhd. | Malaysia |
| 359 | Mercer Consulting Limited | United Kingdom |
| 360 | Mercer Consulting Middle East Limited | United Arab Emirates |
| 361 | Mercer Consulting S.L. | Spain |
| 362 | Mercer Consulting Venezuela, C.A. | Venezuela |
| 363 | Mercer Corredores de Seguros Ltda. | Chile |
| 364 | Mercer Corretora de Seguros Ltda | Brazil |
| 365 | Mercer Danismanlik Anonim Sirketi | Turkey |
| 366 | Mercer Deutschland GmbH | Germany |
| 367 | Mercer Employee Benefits - Mediacao de Seguros, Lda. | Portugal |
| 368 | Mercer Employee Benefits Limited | United Kingdom |
| 369 | Mercer Employee Benefits OY | Finland |
| 370 | Mercer Financial Advice (Australia) Pty Ltd | Australia |
| 371 | Mercer Financial Services Limited | Ireland |
| 372 | Mercer Financial Services Middle East Limited | United Arab Emirates |
| 373 | Mercer Global Investments Canada Limited | Canada |
| 374 | Mercer Global Investments Europe Limited | Ireland |
| 375 | Mercer Global Investments Management Limited | Ireland |
| 376 | Mercer Health & Benefits Administration LLC | Delaware |
| 377 | Mercer Health & Benefits LLC | Delaware |
| 378 | Mercer Holdings, Inc. | Philippines |
| 379 | Mercer Holdings, Inc. | Delaware |
| 380 | Mercer HR Consulting Borrower LLC | Delaware |
| 381 | Mercer HR Services, LLC | Delaware |
| 382 | Mercer Human Resource Consulting (NZ) Limited | New Zealand |
| 383 | Mercer Human Resource Consulting Ltda | Brazil |
| 384 | Mercer Human Resource Consulting S.A. de C.V. | Mexico |
| 385 | Mercer Inc. | Delaware |
| 386 | Mercer India Private Limited | India |
| 387 | Mercer Investment Consulting Limited | Ireland |
| 388 | Mercer Investment Consulting Limited | Hong Kong |
| 389 | Mercer Investment Consulting, Inc. | Kentucky |
| 390 | Mercer Investment Management, Inc. | Delaware |
| 391 | Mercer Investment Nominees (NZ) Limited | New Zealand |
| 392 | Mercer Investments (Australia) Limited | Australia |
| 393 | Mercer Investments (Korea) Co., Ltd. | Korea, Republic of |
| 394 | Mercer Ireland Holdings Limited | Ireland |
| 395 | Mercer Italia Srl | Italy |
| 396 | Mercer Japan Ltd | Japan |
| 397 | Mercer Korea Co. Ltd. | Korea, Republic of |
| 398 | Mercer Limited | United Kingdom |
| 399 | Mercer LLC | Delaware |
| 400 | Mercer Management Consulting Holding GmbH | Germany |
| 401 | Mercer Master Trustees Limited | Ireland |
| 402 | Mercer Mauritius Ltd. | Mauritius |
| 403 | Mercer MC Consulting Borrower LLC | Delaware |
| 404 | Mercer ME Benefits Valuation Services LLC | Delaware |
| 405 | Mercer Outsourcing (Australia) Pty Ltd | Australia |
| 406 | Mercer Pensionsraadgivning A/S | Denmark |
| 407 | Mercer Philippines, Inc. | Philippines |
| 408 | Mercer PS Benefits Valuation Services LLC | Delaware |
| 409 | Mercer Sigorta Brokerligi Anonim Sirketi | Turkey |
| 410 | Mercer Superannuation (Australia) Limited | Australia |
| 411 | Mercer Treuhand GmbH | Germany |
| 412 | Mercer Trust Company | New Hampshire |
| 413 | Mercer Trustees Limited | Ireland |
| 414 | Mercer Trustees Limited | United Kingdom |
| 415 | Mercer Wealth Solutions Limited | New Zealand |
| 416 | Mercer Zainal Consulting Sdn Bhd | Malaysia |
| 417 | Mercer, Agente de Seguros, S.A. de C.V. | Mexico |
| 418 | Mercury Insurance Services Pty Ltd | Australia |
| 419 | MM Risk Services Pty Ltd (In Liquidation) | Australia |
| 420 | MMA Mid-Atlantic Employee LLC | Delaware |
| 421 | MMC 28 State Street Holdings Inc. | Delaware |
| 422 | MMC Borrower LLC | Delaware |
| 423 | MMC Capital, Inc. | Delaware |
| 424 | MMC GP III, Inc. | Delaware |
| 425 | MMC International Limited | United Kingdom |
| 426 | MMC International Treasury Centre Limited | United Kingdom |
| 427 | MMC Realty, Inc. | New York |
| 428 | MMC Securities (Europe) Limited | United Kingdom |
| 429 | MMC Securities Corp. | Delaware |
| 430 | MMC UK Group Limited | United Kingdom |
| 431 | MMC UK Pension Fund Trustee Limited | United Kingdom |
| 432 | MMOW Limited | United Kingdom |
| 433 | MMRC LLC | Delaware |
| 434 | MMSC Holdings, Inc. | Delaware |
| 435 | MOW Holding LLC | Delaware |
| 436 | MRC Marsh Risk Consulting GmbH | Germany |
| 437 | Muir Beddal (Zimbabwe) Limited | Zimbabwe |
| 438 | National Economic Research Associates, Inc. | California |
| 439 | National Economic Research Associates, Inc. | Delaware |
| 440 | NERA Australia Pty. Ltd. | Australia |
| 441 | NERA do Brasil Ltda. | Brazil |
| 442 | NERA Economic Consulting GmbH | Germany |
| 443 | NERA Economic Consulting Limited | New Zealand |
| 444 | NERA S.R.L. | Italy |
| 445 | NERA SAS | France |
| 446 | NERA UK Limited | United Kingdom |
| 447 | Neuburger Noble Lowndes GmbH | Germany |
| 448 | NIA Securities, LLC | New Jersey |
| 449 | Normandy Reinsurance Company Limited | Bermuda |
| 450 | Nui Marsh (PNG) Limited | Papua New Guinea |
| 451 | O.R.C. Canada Inc. | Canada |
| 452 | Oliver Wyman (Bermuda) Limited | Bermuda |
| 453 | Oliver Wyman AB | Sweden |
| 454 | Oliver Wyman Actuarial Consulting, Inc. | Delaware |
| 455 | Oliver Wyman AG | Switzerland |
| 456 | Oliver Wyman B.V. | Netherlands |
| 457 | Oliver Wyman Consulting GmbH | Germany |
| 458 | Oliver Wyman Consulting Limited (in liquidation) | United Kingdom |
| 459 | Oliver Wyman Consultoria em Estrategia de Negocios Ltda. | Brazil |
| 460 | Oliver Wyman Corporate Risk Consulting, Inc. | Delaware |
| 461 | Oliver Wyman Delta Limited (in liquidation) | United Kingdom |
| 462 | Oliver Wyman Delta SAS | France |
| 463 | Oliver Wyman FZ-LLC | United Arab Emirates |
| 464 | Oliver Wyman Germany GmbH | Germany |
| 465 | Oliver Wyman GmbH | Germany |
| 466 | Oliver Wyman Group KK | Japan |
| 467 | Oliver Wyman Leadership Development Limited (in liquidation) | United Kingdom |
| 468 | Oliver Wyman Limited | United Kingdom |
| 469 | Oliver Wyman LLC | Delaware |
| 470 | Oliver Wyman LLC | Russian Federation |
| 471 | Oliver Wyman Ltd. | Korea, Republic of |
| 472 | Oliver Wyman Pte. Ltd. | Singapore |
| 473 | Oliver Wyman Pty. Ltd. | Australia |
| 474 | Oliver Wyman S.L. | Spain |
| 475 | Oliver Wyman S.r.l. | Italy |
| 476 | Oliver Wyman Servicios, S. de R.L. de C.V. | Mexico |
| 477 | Oliver Wyman SNC | France |
| 478 | Oliver Wyman, Inc. | Delaware |
| 479 | Oliver Wyman, S. de R.L. de C.V. | Mexico |
| 480 | Oliver, Wyman Corporate Risk Consulting Limited/Oliver, Wyman Consultation en risques des entreprises limitee | Canada |
| 481 | Oliver, Wyman Limited/Oliver, Wyman limitee | Canada |
| 482 | Omega Indemnity (Bermuda) Limited | Bermuda |
| 483 | Organizacion Brockman y Schuh S.A. de C.V. | Mexico |
| 484 | Organization Resources Counselors Limited | United Kingdom |
| 485 | Pallas Marsh Corretagem de Seguros Ltda. | Brazil |
| 486 | Pension Trustees Limited | United Kingdom |
| 487 | Pensionsservice Benefit Network Sverige AB | Sweden |
| 488 | PFT Limited | United Kingdom |
| 489 | PI Indemnity Company, Limited | Ireland |
| 490 | Potomac Insurance Managers, Inc. | Delaware |
| 491 | Prentis Donegan & Partners (Holdings) Limited (in liquidation) | United Kingdom |
| 492 | Prentis Donegan & Partners Limited (in liquidation) | United Kingdom |
| 493 | PT Marsh Indonesia | Indonesia |
| 494 | PT Mercer Indonesia | Indonesia |
| 495 | PT Quantum Computing Services | Indonesia |
| 496 | PT Quantum Investments | Indonesia |
| 497 | PT Quantum Support Services | Indonesia |
| 498 | R R B Beratungsgesellschaft fuer Altersversorgung mbh | Germany |
| 499 | R. Mees & Zoonen Assuradeuren B.V. | Netherlands |
| 500 | R. Mees & Zoonen Holdings B.V. | Netherlands |
| 501 | Rattner Mackenzie Limited (in liquidation) | United Kingdom |
| 502 | Reclaim Consulting Services Limited (in liquidation) | United Kingdom |
| 503 | Resource Benefit Associates | Nigeria |
| 504 | Rivers Group Limited | United Kingdom |
| 505 | Rockefeller Risk Advisors, Inc. (for dissolution) | New York |
| 506 | Rutherfoord Financial Services, Inc. | Virginia |
| 507 | Rutherfoord International, Inc. | Virginia |
| 508 | SAFCAR-Marsh | Mali |
| 509 | SCIB (Bermuda) Limited | Bermuda |
| 510 | Seabury & Smith Borrower LLC | Delaware |
| 511 | Seabury & Smith, Inc. | Delaware |
| 512 | Second Opinion Insurance Services | California |
| 513 | SEDFEMA Insurance Brokers, Inc. | Philippines |
| 514 | Sedgwick (Bermuda) Limited | Bermuda |
| 515 | Sedgwick (Deutschland) GmbH | Germany |
| 516 | Sedgwick (Holdings) Pty. Limited | Australia |
| 517 | Sedgwick Consulting Group Limited | United Kingdom |
| 518 | Sedgwick Dineen Group Limited | Ireland |
| 519 | Sedgwick Far East Limited (in liquidation) | United Kingdom |
| 520 | Sedgwick Financial Services Limited | United Kingdom |
| 521 | Sedgwick Forbes Middle East Limited | Jersey |
| 522 | Sedgwick Group (Australia) Pty. Limited | Australia |
| 523 | Sedgwick Group (Bermuda) Limited | Bermuda |
| 524 | Sedgwick Group (Zimbabwe) Limited | Zimbabwe |
| 525 | Sedgwick Group Limited | United Kingdom |
| 526 | Sedgwick Holdings (Private) Limited | Zimbabwe |
| 527 | Sedgwick Hung Kai Insurance & Risk Management Consultants Limited | Hong Kong |
| 528 | Sedgwick Internationaal B.V. | Netherlands |
| 529 | Sedgwick Limited | United Kingdom |
| 530 | Sedgwick Management Services (Barbados) Limited | Barbados |
| 531 | Sedgwick Management Services (Bermuda) Limited | Bermuda |
| 532 | Sedgwick Management Services (London) Limited (in liquidation) | United Kingdom |
| 533 | Sedgwick Management Services (Singapore) Pte Limited | Singapore |
| 534 | Sedgwick Noble Lowndes (UK) Limited | United Kingdom |
| 535 | Sedgwick Noble Lowndes Group Limited | United Kingdom |
| 536 | Sedgwick Noble Lowndes Limited | United Kingdom |
| 537 | Sedgwick Noble Lowndes Limited | Hong Kong |
| 538 | Sedgwick OS Limited (in liquidation) | United Kingdom |
| 539 | Sedgwick Overseas Investments Limited | United Kingdom |
| 540 | Sedgwick Pte Ltd | Singapore |
| 541 | Sedgwick Re Asia Pacific (Consultants) Private Limited | Singapore |
| 542 | Sedgwick Re Asia Pacific Pty Limited | Australia |
| 543 | Sedgwick Trustees Limited | United Kingdom |
| 544 | Sedgwick UK Risk Services Limited | United Kingdom |
| 545 | Sedgwick Ulster Pension Trustees Limited | United Kingdom |
| 546 | Sedgwick, Inc. (for dissolution) | New York |
| 547 | Settlement Trustees Limited | United Kingdom |
| 548 | Shanghai Mercer Insurance Broking Company | China |
| 549 | SICAR Marsh S.A.R.L. | Burkina Faso |
| 550 | Societe d'Assurances et de Participations Guian S.A. | France |
| 551 | Southern Marine & Aviation Underwriters, Inc. | Louisiana |
| 552 | Southern Marine & Aviation, Inc. | Louisiana |
| 553 | Sudzucker Versicherungs-Vermittlungs GmbH | Germany |
| 554 | T.M.G. 2010 Limited (in liquidation) | United Kingdom |
| 555 | The Bostonian Group Insurance Agency, Inc. | Massachusetts |
| 556 | The Carpenter Management Corporation | Delaware |
| 557 | The Schinnerer Group, Inc. | Delaware |
| 558 | Tobelan S.A. | Uruguay |
| 559 | Tower Hill Limited | United Kingdom |
| 560 | Tower Place Developments (West) Limited | United Kingdom |
| 561 | Tower Place Developments Limited | United Kingdom |
| 562 | U.T.E. AMG | Spain |
| 563 | U.T.E. Marsh - Aon Gil y Carvajal (in liquidation) | Spain |
| 564 | U.T.E. Marsh - Caja Castilla La Mancha Junta de Comunidades | Spain |
| 565 | U.T.E. Marsh - CCM Brokers | Spain |
| 566 | U.T.E. Marsh - CCM JCCM | Spain |
| 567 | U.T.E. Marsh - CCM SESCAM | Spain |
| 568 | U.T.E. Marsh - Disbrok Diputacion de Badajoz | Spain |
| 569 | U.T.E. Marsh - Disbrok Junta 2006 | Spain |
| 570 | U.T.E. Marsh - Efir Gestion | Spain |
| 571 | U.T.E. Marsh - Salvado Reus | Spain |
| 572 | U.T.E. Marsh - Salvado Vila-Seca 2010 | Spain |
| 573 | U.T.E. Marsh - Verssa | Spain |
| 574 | U.T.E. Marsh - Zihurko (in liquidation) | Spain |
| 575 | UABDB Marsh Lietuva | Lithuania |
| 576 | Ulster Insurance Services Limited (in liquidation) | United Kingdom |
| 577 | Uniservice Insurance Company Limited | Bermuda |
| 578 | Unison Management (Bermuda) Ltd. (for dissolution) | Bermuda |
| 579 | Victor O. Schinnerer & Co. (Bermuda), Ltd. | Bermuda |
| 580 | Victor O. Schinnerer & Company Limited | United Kingdom |
| 581 | Victor O. Schinnerer & Company, Inc. | Delaware |
| 582 | Victoria Hall Company Limited | Bermuda |
| 583 | William M. Mercer (Canada) Limited/William M. Mercer (Canada) Limitee | Canada |
| 584 | William M. Mercer AB | Sweden |
| 585 | William M. Mercer Comercio, Consultoria e Servicos Ltda. | Brazil |
| 586 | Yokogawa Organization Resources Counselors Corporations | Japan |