Exhibit 21
1302318 Ontario Inc. Canada
A. Constantinidi & CIA. S.C. Uruguay
ACE Holding Inc British Virgin Islands
Administradora de Inmuebles Fin, S.A. de C.V. Mexico
Admiral Holdings Limited England
Admiral Ireland Limited Ireland
Admiral Underwriting Agencies (Ireland) Ltd. Ireland
Admiral Underwriting Agencies Limited England
AFCO Premium Acceptance Inc. California
AFCO Premium Credit LLC Delaware
Affinity Financial Incorporated Iowa
Affinity Groups Advantage Limited England
Albert Willcox & Co. of Canada Ltd. Canada
Aldgate Investments Limited Bermuda
Aldgate US Investments England
Alfram Consultores S.A.C. Peru
All Asia Sedgwick Insurance Brokers Corporation Philippines
Allied Medical Assurance Services Limited England
Am-Grip, Inc. Louisiana
Am-Grip, Inc. Texas
American Overseas Management Corporation (Canada) Canada
Andina de Corretaje de Reaseguros Ltda. Ancor Colombia
Antah Sedgwick Insurance Brokers Sdn. Bhd. Malaysia
Anthony Lumsden & Company Limited England
Anthony Lumsden Group Limited England
Appleby & Sterling Agency, Inc. Delaware
APRIMAN, Inc. California
Assivalo Comercial E Representacoes Ltda.B Brazil
Assurances Maritimes Eyssautier Malatier Inter SARL France
Assurconseils Cecar & Jutheau Senegal
Assureur Conseil de Djibouti- FaugSre & Jutheau et Cie SARL Djibouti
Astramar S.A. France
Australian World Underwriters Pty Ltd. Australia
Aviation Risk Management Services Limited England
Avongrove Limited England
Ayba SA Argentina
B.K. Thomas & Partners (General) Limited England
B.K. Thomas & Partners Limited England
Balis & Co., Inc. Pennsylvania
Bargheon US LLC Delaware
Battersea Arts Centre England
Bau Asserkuranz Vermittlungs GmbH Germany
Beneficios Ltda. Colombia
Bennich Reinsurance Management AB Sweden
Bland Payne (South Aust.) Pty Limited Australia
Bland Welch & Co Limited England
Bland Welch (France) SA France
Boistel Eyssautier S.A. France
Boistel S.A. France
Bonnor Holding A/S Denmark
Border Insurance Services, Inc. California
Bowring (Bermuda) Investments Ltd. Bermuda
Bowring Marine Limited England
Bowring Reinsurance Brokers Limited England
Bowring Risk Management Limited England
BRW Insurance & Financial Services Limited Ireland
BRW Insurance Brokers Limited Ireland
BRW Pensions & Financial Consultants Limited Ireland
Bureau Gogioso Eyssautier S.A. France
ByS Servicios Especiales, Agente de Seguros, S.A. de C.V. Mexico
C.T. Bowring & Co. (Insurance) Limited England
C.T. Bowring and Associates (Private) Limited Zimbabwe
C.T. Bowring Ireland Limited Ireland
C.T. Bowring Limited England
C.T. Bowring Trading (Holdings) Limited England
California Insurance Services, Inc. California
Capatho AB Sweden
CarLease Luxembourg SA Luxembourg
Carpenter Bowring (UK) Limited England
Casualty Insurance Company Services, Inc. California
CBH Limited England
Cecar Austria Austria
Cecar Brasil Brazil
Cecar R,assurances France
Cecar Tunisie Tunisia
Charbonneau, Dulude & Associes (1985) Limitee/Charbonneau,U Canada
Cires SARL France
Claims, Inc Texas
Claro Marsh & McLennan Consultores en Recursos Humanos, Ltda.C Chile
Cofast SA France
Combined Performance Measurement Services Limited Ireland
Companias DeLima S.A. Colombia
Confidentia Life Insurance Agency Ltd. Israel
Confidentia Marine Insurance Agency (1983) Ltd. Israel
Constantia Personenverscicherungsmakler Gesellschaft m.b.h. Austria
Constantinidi Marsh SA Uruguay
Consulmercer-Consultores de Gestao, Sociedade Unipessoal, Lda. Portugal
Consultores 2020 C.A. Venezuela
Consultores en Garantias, S.A. de C.V. Mexico
Corporate Pensions & Financial Services Limited Scotland
Corporate Resources Group (Holdings) Ltd. British Virgin Islands
Corporate Resources Group (UK) Limited England
Corporate Risk Limited Scotland
Countryside, Inc Tennessee
CRG (India) Private Ltd. India
CRG (Israel) Ltd. Israel
CRG (Singapore) Pte Ltd Singapore
CRG (Thailand) Ltd. Thailand
CRG A/S Denmark
CRG Finland OY Finland
CRG Holdings, Inc. Philippines
CRG HR SDN BHD Malaysia
CRG Iberica, SL Spain
CRG Japan Co. Ltd. Japan
CRG Ltd. Hong Kong
CRG S.A. Switzerland
CRG Sverige AB Sweden
Crown Court Trust Limited England
Cruiselook Limited England
Crump E&S of California Insurance Services, Inc. California
Crump E&S of Sacramento Insurance Services, Inc. California
Crump E&S of San Francisco Insurance Services, Inc. California
Crump Financial Services, Inc. Tennessee
Crump Group, Inc. Delaware
Crump Insurance Services Northwest, Inc. Washington
Crump Insurance Services of Atlanta, Inc. Georgia
Crump Insurance Services of Boston, Inc. Massachusetts
Crump Insurance Services of Colorado, Inc. Colorado
Crump Insurance Services of Florida, Inc. Florida
Crump Insurance Services of Houston, Inc. Texas
Crump Insurance Services of Illinois, Inc. Illinois
Crump Insurance Services of Louisiana, Inc. Louisiana
Crump Insurance Services of Memphis, Inc. Tennessee
Crump Insurance Services of Michigan Michigan
Crump Insurance Services of Texas, Inc. Texas
Crump Insurance Services, Inc. Texas
Crump of New Jersey, Inc. New Jersey
Crump of New York, Inc. New York
Cumberland Brokerage Limited Bermuda
CVA Consultants, Inc. Nevada
D.G. Watt & Associates Ltd. Canada
Danish Re (Bermuda) Limited Bermuda
Decision Research Corporation Massachusetts
DeLima & Cia Ltda. Colombia
DeLima Marsh Colombia
DeLima Mercer Agencia de Seguros Ltda. Colombia
DeLima Mercer Consultoria Ltda. Colombia
Destination Travel Health Plans Inc. Canada
Deutsche Post Assekuranz Vermittlungs GmbH Germany
Digitsuper Limited England
Don A. Harris & Associates, Inc. Nevada
Dulude & Associates (1985) Limited Canada
Duncan C. Fraser & Co. England
Dupuis, Parizeau, Tremblay, Inc. Quebec
DVA - Deutsche Verkehrs-Assekuranz-Vermittlungs GmbH Germany
E.W. Payne & Co. (Marine) Limited England
E.W. Payne (U.K.) Limited England
Elys,es Pr,voyance Gestion France
Encon Group Inc. Canada
Encon Holdings, Inc. Texas
Encon Holdings, Inc. Canada
Encon Management Services, Inc. Canada
Encon Reinsurance Managers Inc. Canada
Encon Title Insurance Managers Inc. Canada
Encon Underwriting Agency, Inc. Texas
Encon Underwriting Limited England
Energie Courtage S.A. France
English Pension Trustees Limited England
Epsilon Insurance Company, Ltd. Cayman Islands
Espana Cinco, Inc. Delaware
Espana Cuatro, Inc. Delaware
Espana Dos, Inc. Delaware
Espana Ocho, Inc. Delaware
Espana Seis, Inc. Delaware
Espana Siete, Inc. Delaware
Espana Tres, Inc. Delaware
Espana Uno, Inc. Delaware
Euings (London) Limited England
Excess and Treaty Management Corporation New York
Exmoor Management Company Limited Bermuda
Eyssautier Flepp Malatier & Pages S.A. France
Fenchurch Insurance Brokers Pty. Limited Australia
Fernando Mesquida y Asociados SA Argentina
Flexifund Limited England
FMV - Flughafen Munchen Versicherungsvermittlungsgesellschaft mbH Germany
G. E. Freeman Insurance Agency Limited Canada
Gaelarachas Teoranta Ireland
Galbraith & Green, Inc of Ohio Ohio
Gatier S.A. Switzerland
Gem Insurance Company Limited Bermuda
Gradmann & Holler AG Switzerland
Gradmann & Holler GbR Germany
Grupo Assistencial De Economia E Financas Tudor S/C Ltda.Br Brazil
Guy Bergeron & Associes Inc. Canada
Guy Carpenter & Cia., S.A. Spain
Guy Carpenter & Co. Labuan Ltd. Malaysia
Guy Carpenter & Company (Asia) Limited Hong Kong
Guy Carpenter & Company (Canada) Limited Canada
Guy Carpenter & Company (Pty) Limited South Africa
Guy Carpenter & Company AB Sweden
Guy Carpenter & Company B.V. Netherlands
Guy Carpenter & Company GmbH Germany
Guy Carpenter & Company Limited England
Guy Carpenter & Company Limited (Ireland) Ireland
Guy Carpenter & Company Peru Corredores de Reaseguros S.A. Peru
Guy Carpenter & Company Private Limited Singapore
Guy Carpenter & Company Pty. Limited Australia
Guy Carpenter & Company S.r.l. Italy
Guy Carpenter & Company, Inc. Delaware
Guy Carpenter & Company, Inc. of Pennsylvania Pennsylvania
Guy Carpenter & Company, Ltda. Brazil
Guy Carpenter & Company, S.A. (Argentina) Argentina
Guy Carpenter & Company, S.A. (Belgium) Belgium
Guy Carpenter & Company, S.A. (France) France
Guy Carpenter Broking, Inc. Delaware
Guy Carpenter Facultative Pty. Ltd. Australia
Guy Carpenter Facultatives S.A. France
Guy Carpenter Insurance Strategy, Inc. Delaware
Guy Carpenter Reinmex Corredores de Reaseguros Ltda Colombia
Guy Carpenter Reinmex Intermediario de Reaseguros, S.A. De C.V. Mexico
Guy Carpenter Reinsurance Brokers Philippines, Inc. Philippines
Hansen International Limited Delaware
Healthcare Agencies Limited England
Healthcare Risk Management Services, Inc. Washington
Henry Ward Johnson & Company Insurance Services, Inc. California
Hovertravel Limited England
IMC (Turks & Caicos) Limited Cayman Islands
Incorporated Names Advisers Limited England
Industrial Risks Protection Consultants Nigeria
Insbrokers Ltda. Uruguay
Insurance Brokers of Nigeria Limited Nigeria
Insurance Management Services Limited Ireland
Inter-Ocean Management (Cayman) Limited Cayman Islands
Inverbys, S.A. de C.V. Mexico
Invercol Ltd. Bermuda
Inversiones Orquidea, S.A. Colombia
Invorsa S.A. Colombia
IPT Actuarial Services Limited Ireland
Irish & Maulson Limited Ontario
Irish Pension Trustees Limited Ireland
Irish Pensions Trust Limited Ireland
Ivoiriennes Assurances Conseil Ivory Coast
J&H Aviation Plc United Kingdom
J&H Benefits Inc. Philippines
J&H Global Risk Management Consultancy Limited England
J&H Interests New York
J&H Intermediaries (Barbados) Limited Barbados
J&H Marsh & McLennan (Colombia) Ltda. Colombia
J&H Marsh & McLennan (UK) Limited England
J&H Marsh & McLennan Financial Services, Inc. Indiana
J&H Marsh & McLennan Intermediaries of Washington, Inc. Washington
J&H Marsh & McLennan Ireland Limited Ireland
J&H Marsh & McLennan Kazakhstan LLP Kazakhstan
J&H Marsh & McLennan Limited (HK) Hong Kong
J&H Marsh & McLennan Management (UK) Limited England
J&H Marsh & McLennan Management, Inc. New York
J&H Marsh & McLennan Managment (Barbados) Limited Barbados
J&H Marsh & McLennan Norway A.S. Norway
J&H Marsh & McLennan Private Client Services, Inc. Delaware
J&H Marsh & McLennan Sigorta ve Reasurans Brokerligi A.S. Turkey
J&H UNISON Holdings B.V. Netherlands
James Wigham Poland International Limited England
Jay R. Corp. New York
JHM Holdings, Inc. New York
Johnson & Higgins (Bermuda) Limited Bermuda
Johnson & Higgins (Peru) S.A. Corredores De Seguro Peru
Johnson & Higgins (USVI) Ltd. Virgin Islands
Johnson & Higgins Consulting (Far East) Ltd. Hong Kong
Johnson & Higgins Corretores De Seguros Ltda. Brazil
Johnson & Higgins Holdings Limited England
Johnson & Higgins Intermediaries (Cayman) Ltd. Cayman Islands
Johnson & Higgins Ireland Limited Ireland
Johnson & Higgins Limited England
Johnson & Higgins Managment Services, Ltd. Bermuda
Johnson & Higgins Mediservice - Administradora De Planos De Saude Brazil
Johnson & Higgins of (Chile) Limitada Chile
Johnson & Higgins Securities, Inc. Montana
Johnson & HIggins Sociadad Anonima Unknown
Johnson & Higgins UK Limited England
Johnson & Higgins W.F. Ltd. Canada
Johnson & Higgins Willis Faber (U.S.A.) Inc. New York
Johnson & Higgins Willis Faber Holdings, Inc. New York
JWP Overseas Holdings Limited England
Kassman Insurance Brokers Pty Limited Unknown
Kessler & Co Switzerland
Lamarre, Caty, Houle Ltee Quebec
Le Groupe MDM/McCarthy Inc.\McCarthy Inc.\MDM/McCarthy Group Inc. Canada
Leeds Church Institute (Incorporated) England
Legal & Commercial Insurances Limited Ireland
Les Conseillers Dpt. Inc. Canada
Liberty Place Underwriters, Inc. Delaware
Lippincott & Margulies, Inc. New York
Llenrup Participaues S.C. Ltda. Brazil
Lloyd George Insurance Services Limited England
Lynch Insurance Brokers Limited Barbados
M&M Insurance Management Canada Ltd. British Columbia
M&M Vehicle, L.P. Delaware
M. A. Gesner of Illinois, Inc. Illinois
M.B. Fitzpatrick Limited Ireland
Mactras (Bermuda) Limited Bermuda
Marclen Holdings, Inc. Delaware
Marclen LLC Delaware
Mariners Insurance Agency, Inc. Massachusetts
Maritime Adjusters, Inc. Massachusetts
Marsh & Co. S.p.A. Italy
Marsh & McLennan (PNG) Limited Papua New Guinea
Marsh & McLennan (SA) Pty. Ltd. Australia
Marsh & McLennan (SASK) Ltd. Saskatchewan
Marsh & McLennan (Singapore) Pte Ltd Singapore
Marsh & McLennan (WA) Pty. Ltd. Australia
Marsh & McLennan Agencies Pty. Ltd. Australia
Marsh & McLennan Agency, Incorporated Columbia?
Marsh & McLennan Argentina SA Corredores de Reaseguros Argentina
Marsh & McLennan C&I, GP, Inc. Delaware
Marsh & McLennan Co. Inc. Liberia
Marsh & McLennan Companies UK Limited England
Marsh & McLennan Companies, Inc. Delaware
Marsh & McLennan Financial Markets, Inc. Delaware
Marsh & McLennan Finland Oy Finland
Marsh & McLennan GbR Holdings, Inc. Delaware
Marsh & McLennan Global Broking (Dublin) Ltd. Ireland
Marsh & McLennan GP I, Inc. Delaware
Marsh & McLennan GP II, Inc. Delaware
Marsh & McLennan Holdings GmbH Germany
Marsh & McLennan Holdings II, Inc. Delaware
Marsh & McLennan Holdings Limited England
Marsh & McLennan Holdings, Inc. Delaware
Marsh & McLennan Limited Hong Kong
Marsh & McLennan LP II, Inc. Delaware
Marsh & McLennan Management Services (Bermuda) Limited Bermuda
Marsh & McLennan Management Services (Dublin) Limited Ireland
Marsh & McLennan Management Services (Guernsey) Limited Guernsey
Marsh & McLennan Nederland B.V. Netherlands
Marsh & McLennan Pallas Holdings GmbH Germany
Marsh & McLennan Pallas Holdings, Inc. Delaware
Marsh & McLennan Properties (Bermuda) Ltd. Bermuda
Marsh & McLennan Properties, Inc. Delaware
Marsh & McLennan Real Estate Advisors, Inc. Delaware
Marsh & McLennan Risk Capital Holdings, Ltd. Delaware
Marsh & McLennan Securities Corporation Delaware
Marsh & McLennan Securities Group Limited England
Marsh & McLennan Securities International, Ltd. Bermuda
Marsh & McLennan Services Limited England
Marsh & McLennan Sweden AB Sweden
Marsh & McLennan Tech GP II, Inc. Delaware
Marsh & McLennan, Incorporated Virgin Islands
Marsh (Bahrain) Co WLL Bahrain
Marsh (Charities Fund) Limited England
Marsh (Hong Kong) Limited Hong Kong
Marsh (Insurance Brokers) LLP Kazakhstan
Marsh (Insurance Services) Limited England
Marsh (Isle of Man) Limited Isle of Man
Marsh (Jersey) Limited Jersey
Marsh (Middle East) Limited England
Marsh (Namibia) (Proprietary) Limited Namibia
Marsh (Pty) Limited Botswana
Marsh (South Africa) (Proprietary) Limited South Africa
Marsh - Insurance Brokers ZAO Russia
Marsh A/S Denmark
Marsh AG Switzerland
Marsh Argentina SRL Argentina
Marsh Asia Pacific Management Pty. Ltd. Australia
Marsh Austria G.m.b.H. Austria
Marsh B.V. Netherlands
Marsh Brockman y Schuh Agente de Seguros y de Fianzas, S.A. de C.V. Mexico
Marsh Broker Japan, Inc. Japan
Marsh Canada Limited/Marsh Canada Limitee Canada
Marsh Captive Management Services Pty. Ltd. Australia
Marsh CISO Limited England
Marsh Claims Management Services (Canada) Limited Canada
Marsh Cobranzas S.A. Argentina
Marsh Commercial Insurance Agencies Pty Ltd. Australia
Marsh Conseil S.A. France
Marsh Consumer & Program Practices, Inc. Delaware
Marsh Corporate Services (Barbados) Limited Barbados
Marsh Corporate Services Limited England
Marsh Corretora de Seguros Ltda. Brazil
Marsh d.o.o. za posredovanje u osiguranju Croatia
Marsh Eood Bulgaria
Marsh Eurofinance BV Netherlands
Marsh Europe S.A. Belgium
Marsh Financial Insurance Services of Massachusetts, Inc. Massachusetts
Marsh Financial Services (Guernsey) Limited Guernsey
Marsh Financial Services International Ltd. Bermuda
Marsh Financial Services Limited England
Marsh Financial Services Limited (Ireland) Ireland
Marsh Financial Services of Texas, Inc. Texas
Marsh Financial Services, Inc. New York
Marsh Forsakringsmaklare AB Sweden
Marsh Georgia Limited England
Marsh Global Broking (Bermuda) Ltd. Bermuda
Marsh Global Broking GmbH Germany
Marsh Global Broking, Inc. (Connecticut) Connecticut
Marsh Global Broking, Inc. (Illinois) Illinois
Marsh Global Broking, Inc. (Missouri) Missouri
Marsh Global Broking, Inc. (New Jersey) New Jersey
Marsh Global Broking, Inc. (Texas) Texas
Marsh GmbH Germany
Marsh Holding AB Sweden
Marsh Holdings (Proprietary) Limited South Africa
Marsh Holdings B.V. Netherlands
Marsh Holdings Limited England
Marsh Inc. Delaware
Marsh Insurance & Investments Corp. Delaware
Marsh Insurance and Risk Management Consultants Co. Ltd. The People's Republic of China
Marsh Insurance Brokers (Malaysia) Sdn Bhd Malaysia
Marsh Insurance Brokers Limited England
Marsh Intermediaries of Washington, Inc. Washington
Marsh Intermediaries, Inc. New York
Marsh International Broking Holdings Limited England
Marsh International Holdings II, Inc. Delaware
Marsh International Holdings, Inc. Delaware
Marsh International Limited England
Marsh Ireland Holdings Limited Ireland
Marsh Ireland Limited Ireland
Marsh Israel (1999) Ltd. Israel
Marsh Israel (Holdings) Ltd. Israel
Marsh Israel Consultants Ltd. Israel
Marsh Israel Insurance Agency Ltd. Israel
Marsh Japan, Inc. Japan
Marsh Kft. Hungary
Marsh Kindlustusvahenduse AS Estonia
Marsh Korea, Inc. Korea
Marsh Limited England
Marsh Limited (Fiji) Fiji
Marsh Limited (New Zealand) New Zealand
Marsh Link Limited England
Marsh LLC Insurance Brokers Greece
Marsh Ltd. Wisconsin
Marsh Luxembourg SA Luxembourg
Marsh Management (USVI) Ltd. Virgin Islands
Marsh Management Services (Barbados), Ltd. Barbados
Marsh Management Services (Bermuda) Ltd. Bermuda
Marsh Management Services (Cayman) Ltd. Cayman Islands
Marsh Management Services (Dublin) Limited England
Marsh Management Services (Labuan) Limited Malaysia
Marsh Management Services Guernsey Limited Guernsey
Marsh Management Services Inc. New York
Marsh Management Services Isle of Man Limited Isle of Man
Marsh Management Services Jersey Limited Jersey
Marsh Management Services Luxembourg SA Luxembourg
Marsh Management Services Singapore Pte. Ltd. Singapore
Marsh Marine & Energy AB Sweden
Marsh Marine & Energy AS Norway
Marsh Marine & Energy Limited England
Marsh Mercer Holdings Australia Pty Ltd Australia
Marsh Mercer Pension Fund Trustee Limited England
Marsh Norway AS Norway
Marsh Oy Finland
Marsh PB Co., Ltd. Thailand
Marsh Peru SA Corredores de Seguros Peru
Marsh Philippines, Inc. Philippines
Marsh Privat AIE Spain
Marsh Properties & Services Limited England
Marsh Pty. Ltd. Australia
Marsh Risk Consulting B.V. Netherlands
Marsh Risk Consulting Services S.r.l. Italy
Marsh S.A. (France) France
Marsh S.A. Corredores De Seguros Chile
Marsh S.A. Mediadores de Seguros Spain
Marsh S.p.A. Italy
Marsh S.R.L. Romania
Marsh s.r.o. (Czech Republic) Czech Republic
Marsh s.r.o. (Slovakia) Slovakia
Marsh SA (Argentina) Argentina
Marsh SA (Luxembourg) Luxembourg
Marsh San Sigorta Ve Reasurans Brokerligi A.S. Turkey
Marsh Services Limited England
Marsh Services S.A. France
Marsh Singapore Pte Ltd. Singapore
Marsh Space Projects Limited England
Marsh Specialty Operations Limited England
Marsh Spolka z.o.o. Poland
Marsh Treasury Services Limited England
Marsh Tunisia Tunisia
Marsh UK Group Limited England
Marsh UK Limited England
Marsh Ukraine Limited England
Marsh USA (India) Inc. Delaware
Marsh USA Agency Inc. Texas
Marsh USA Benefits Inc. Texas
Marsh USA Inc. (Alabama) Alabama
Marsh USA Inc. (Alaska) Alaska
Marsh USA Inc. (Arkansas) Arkansas
Marsh USA Inc. (Connecticut) Connecticut
Marsh USA Inc. (Delaware) Delaware
Marsh USA Inc. (Idaho) Idaho
Marsh USA Inc. (Illinois) Illinois
Marsh USA Inc. (Indiana) Indiana
Marsh USA Inc. (Kentucky) Kentucky
Marsh USA Inc. (Louisiana) Louisiana
Marsh USA Inc. (Massachusetts) Massachusetts
Marsh USA Inc. (Michigan) Michigan
Marsh USA Inc. (Mississippi) Mississippi
Marsh USA Inc. (Nevada) Nevada
Marsh USA Inc. (Ohio) Ohio
Marsh USA Inc. (Oklahoma) Oklahoma
Marsh USA Inc. (Pennsylvania) Pennsylvania
Marsh USA Inc. (Puerto Rico) Puerto Rico
Marsh USA Inc. (Rhode Island) Rhode Island
Marsh USA Inc. (Texas) Texas
Marsh USA Inc. (Utah) Utah
Marsh USA Inc. (Virginia) Virginia
Marsh USA Inc. (West Virginia) West Virginia
Marsh USA Risk Services Inc. (Maine) Maine
Marsh USA, Inc. The People's Republic of China
Marsh Venezuela C.A. Venezuela
Marsh Vitsan Sigorta Ve Reasurans Brokerligi A.S. Turkey
Marsh, Lda. Portugal
Marsh-Assureurs Conseils Tchadiens SARL Chad
Marsh. Belgium
Marshcan Insurance Brokers Limited Canada
Matchgrange Holdings Limited England
Matchgrange Limited England
Mathews Mulcahy & Sutherland Limited Ireland
Matthiessen Assurans AB Sweden
Matthiessen Reinsurance Ltd AB Sweden
Mearbridge LLC Delaware
Media Reinsurance Corporation Barbados
Medisure Affinity Services Limited England
Medisure Corporate Services Limited England
Medisure Marketing and Management Limited England
Medisure, Seabury & Smith Limited England
Mees & Zoonen Argentina SA Argentina
Members Insurance Club Agency, Inc. Louisiana
Members Insurance Club Agency, Inc. Ohio
Mercer AS Norway
Mercer Australia Limited Australia
Mercer Consulting Group Verwaltungs GmbH Germany
Mercer Consulting Group, Inc. Delaware
Mercer Cullen Egan Dell Limited New Zealand
Mercer Delta Consulting Limited Canada
Mercer Delta Consulting Limited England
Mercer Delta Consulting LLC Delaware
Mercer Delta Consulting SAS France
Mercer Employee Benefits Oy Finland
Mercer Human Resource Consulting Limited England
Mercer Human Resources Consulting GmbH Austria
Mercer Limited England
Mercer Limited Ireland
Mercer Management Consulting AG Switzerland
Mercer Management Consulting GmbH Germany
Mercer Management Consulting Group GmbH & Co. KG Germany
Mercer Management Consulting Limited Canada
Mercer Management Consulting S.L. Spain
Mercer Management Consulting Servicios, S. de R.L. De C.V. Mexico
Mercer Management Consulting SNC France
Mercer Management Consulting, Inc. Delaware
Mercer Management Consulting, Limited England
Mercer Management Consulting, Ltd. Bermuda
Mercer Management Consulting, S. De R.L. De C.V. Mexico
Mercer MW Corretora de Seguros Ltda. Brazil
Mercer MW Ltda. Brazil
Mercer R.H. SARL France
Mercer SA France
Mercer Trustees Limited England
Mercer-Faugere & Jutheau SA France
Microsafe Limited England
MMC Capital C&I GP, Inc. Delaware
MMC Capital Tech GP II, Inc. Delaware
MMC Capital, Inc. Delaware
MMC Enterprise Risk (UK) Limited England
MMC Enterprise Risk Advisors, Inc. Delaware
MMC Enterprise Risk Consulting (UK) Limited England
MMC Enterprise Risk Consulting Limited Canada
MMC Enterprise Risk Consulting, Inc. Delaware
MMC Enterprise Risk Products Limited England
MMC Enterprise Risk Services Limited England
MMC Enterprise Risk Services, Inc. Delaware
MMC Enterprise Risk, Inc. Delaware
MMC Executive Services, Inc. Delaware
MMC France France
MMC Realty, Inc. New York
MMRC LLC Delaware
MMRCH LLC Delaware
MMSC Holdings, Inc. Delaware
MMSC Risk Advisors, Inc. Delaware
Monalsa Assessoria Economico Financiera Ltda Brazil
MPA (International) Limited England
MPA Superannuation Services Limited Australia
MPA Superfund Nominees Pty. Limited Australia
Muir Beddall (Zimbabwe) Limited Zimbabwe
MVM Versicherungsberatungs Gesellschaft m.b.H. Austria
MVM Versicherungsmakler AG Switzerland
National Economic Research Associates KK Japan
National Economic Research Associates, Inc. (California) California
National Economic Research Associates, Inc. (Delaware) Delaware
National Medical Audit California
NERA do Brasil Ltda. Brazil
NERA S.R.L. Italy
NERA UK Limited England
Neuburger Noble Lowndes GmbH Germany
New S.A. Peru
Niu Marsh Limited Papua New Guinea
Noble Lowndes Personal Financial Services Limited England
Normandy Reinsurance Company Limited Bermuda
NV Algemene Verzekering Maatschappij 'de Zee' Netherlands
OCR Ltd. Australia
Omega II Indemnity Company Limited Ireland
Omega Indemnity (Bermuda) Limited Bermuda
Omnium d'Assurances Maritimes France
Organizacion Brockman y Schuh, S.A. de C.V. Mexico
P.I.C. Advisory Services Limited Ireland
Paladin Reinsurance Corporation New York
Palamerican Corporation Delaware
Pallas Gradmann & Holler do Brasil Corretores de Seguros Ltda.Br Brazil
Pan Agora Asset Management, Inc. Delaware
Panagora Asset Management Limited England
Panhandle Insurance Agency, Inc. Texas
Paul Napolitan, Inc. Delaware
Payment Protection Services Limited Ireland
Penguin Investments (Pty) Limited Botswana
Pension Trustees Limited England
Pensioneer Trustees (Leeds) Limited England
Pensioneer Trustees (London) Limited England
Pensioneer Trustees Limited England
Peter Smart Associates Limited England
PFT Limited England
Philadelphia Insurance Management Company Delaware
PI Financial Risk Services (Pty) Limited South Africa
PII Holdings, Inc. Massachusetts
Potomac Insurance Managers, Inc. Delaware
Pr,voyance Retraite International Management France
Pratte-Morrissette, Inc. Canada
Price Forbes Australia Limited Australia
Price Forbes Limited England
PRIESTIM SCI France
Professional Risk Consultants (Proprietary) Limited South Africa
Professional Risk Services (Proprietary) Limited South Africa
PT C.R.G. Indonesia
PT. Marsh Indonesia Indonesia
PT. Peranas Agung Indonesia
Putnam Aviation Holdings, LLC Delaware
Putnam Capital, LLC Delaware
Putnam Fiduciary Trust Company Massachusetts
Putnam Futures Advisors, Inc. Massachusetts
Putnam International Advisory Company, S.A. Luxembourg
Putnam International Distributors, Ltd. Cayman Islands
Putnam Investment Holdings, LLC Delaware
Putnam Investment Management, LLC Delaware
Putnam Investments Argentina, S.A. Argentina
Putnam Investments Inc. Ontario
Putnam Investments Limited (Ireland) Ireland
Putnam Investments Limited (UK) England
Putnam Investments Securities Co., Ltd. Japan
Putnam Investments Trust Massachusetts
Putnam Investments, LLC Delaware
Putnam Investor Services, Inc. Massachusetts
Putnam Retail Management GP, Inc. Massachusetts
Putnam Retail Management Limited Partnership Massachusetts
R. Mees & Zoonen Holdings B.V. Netherlands
R.I.A.S. Insurance Services Limited Scotland
R.W. Gibbon & Son (Underwriting Agencies) Limited England
Racal Insurance Services Limited England
RAS Administration Services (Pty) Limited South Africa
Reclaim Consulting Services Limited England
Reinmex Mexico
Reinmex de Colombia Corredores de Reaseguos, Ltda. Mexico
Reinmex Florida, Inc. Florida
Reinsurance and Insurance Management Services Limited Bermuda
Reinsurance Solutions International, L.L.C. United States of America
Reinsurances (Pacific) Ltd. Fiji
Reitmulders & Partners B.V. Netherlands
ReSolutions International Limited England
Resolutions International Limited (Delaware) Delaware
Resource Benefit Associates` Nigeria
Retach Corporation Delaware
RG Serv. Philippines Inc. Philippines
Rhone Limited England
RIC Management Services Ltd. Ireland
Richard Sparrow and Company (International Non Marine) Limited England
Richard Sparrow and Company Limited England
Richard Sparrow Holdings Limited England
Rivers Group Limited England
RMB-Risk Management Beratungs-GmbH Germany
Route 413 Associates, Inc. Pennsylvania
Russell/Mellon Analytical Services (UK) Limited England
Sackville House Limited England
SAFCAR Cecar & Jutheau Mali
Schatz Insurance Agencies, Inc. Saskatchewan
SCIB (Bermuda) Limited Bermuda
SCMS Administrative Services, Inc. Illinois
Seabury & Smith Agency, Inc. Ohio
Seabury & Smith Group Limited England
Seabury & Smith Limited England
Seabury & Smith of Arkansas, Inc. Arkansas
Seabury & Smith of Georgia, Inc. Georgia
Seabury & Smith of Idaho, Inc. Idaho
Seabury & Smith of Illinois, Inc. Illinois
Seabury & Smith, Inc. (Delaware) Delaware
Seabury & Smith, Inc. (Indiana) Indiana
Seabury & Smith, Inc. (Kentucky) Kentucky
Seabury & Smith, Inc. (Louisiana) Louisiana
Seabury & Smith, Inc. (Massachusetts) Massachusetts
Seabury & Smith, Inc. (Michigan) Michigan
Seabury & Smith, Inc. (Nevada) Nevada
Seabury & Smith, Inc. (Oklahoma) Oklahoma
Seabury & Smith, Inc. (Texas) Texas
Seabury & Smith, Inc. (Virginia) Virginia
SEDFEMA Insurance Brokers, Inc. Philippines
Sedgwick (Bermuda) Limited Bermuda
Sedgwick (Deutschland) GmbH Germany
Sedgwick (Fiji) Limited Fiji
Sedgwick (Holdings) Pty. Limited Australia
Sedgwick (Isle of Man) Limited Isle of Man
Sedgwick (Northern Ireland) Limited England
Sedgwick (PNG) Limited Papua New Guinea
Sedgwick Affinity Group Services Limited England
Sedgwick Africa Holdings (Proprietary) Limited South Africa
Sedgwick Alpha Limited England
Sedgwick Analysis Services Limited England
Sedgwick Asia Pacific Limited Australia
Sedgwick Asia Pacific Pte Ltd Singapore
Sedgwick Aviation Limited England
Sedgwick Azeri Limited England
Sedgwick Benefits, Inc. Utah
Sedgwick Bergvall Holdings AS Norway
Sedgwick Bergvall Inc. United States of America
Sedgwick Brimex (Guernsey) Limited Guernsey
Sedgwick Claims Management Services Limited Ireland
Sedgwick Claims Management Services, Inc. Illinois
Sedgwick CMS Holdings, Inc. Delaware
Sedgwick Computer & Network Service Company Limited England
Sedgwick Construction Asia Limited Hong Kong
Sedgwick Consulting Group Limited England
Sedgwick Corporate and Employee Benefits Limited Australia
Sedgwick Corporate Services Limited Isle of Man
Sedgwick Credit Limited England
Sedgwick Delta Limited England
Sedgwick Dineen Consulting Group Limited Ireland
Sedgwick Dineen Employee Benefits Limited Ireland
Sedgwick Dineen Group Limited Ireland
Sedgwick Dineen Ireland Limited Ireland
Sedgwick Dineen Limited Ireland
Sedgwick Dineen Personal Financial Management Limited Ireland
Sedgwick Dineen Trustees Limited Ireland
Sedgwick Energy & Marine Limited England
Sedgwick Energy (Insurance Services) Inc. Texas
Sedgwick Energy Limited England
Sedgwick Epsilon Limited England
Sedgwick Europe Benefit Consultants BV Netherlands
Sedgwick Europe Risk Services Limited England
Sedgwick Europe Risk Solutions Limited England
Sedgwick Far East Limited England
Sedgwick Financial Services (Deutschland) GmbH Germany
Sedgwick Financial Services Consulting Division BV Netherlands
Sedgwick Financial Services Limited England
Sedgwick Financial Services, Inc Delaware
Sedgwick Forbes Middle East Limited Jersey
Sedgwick Global Reinsurance Services Limited England
Sedgwick GmbH & Co Germany
Sedgwick Group (Australia) Pty. Limited Australia
Sedgwick Group (Bermuda) Limited Bermuda
Sedgwick Group (Netherlands) BV Netherlands
Sedgwick Group (Zimbabwe) Limited Zimbabwe
Sedgwick Group Limited England
Sedgwick Group Nominees Limited England
Sedgwick Group Pension Scheme Trustee Limited England
Sedgwick Holding A/S Denmark
Sedgwick Holdings (Private) Limited Zimbabwe
Sedgwick Hung Kai Insurance & Risk Management Consultants Limited Hong Kong
Sedgwick Inc. (New York) New York
Sedgwick Insurance Agencies Pty Limited Australia
Sedgwick Insurance Brokers (Private) Limited Zimbabwe
Sedgwick Internationaal BV Netherlands
Sedgwick International Broking Services Limited England
Sedgwick International Marketing Services Inc Delaware
Sedgwick International Risk Management, Inc. Delaware
Sedgwick Investment Services Limited England
Sedgwick Investments, Inc. Delaware
Sedgwick James of Puerto Rico, Inc. Puerto Rico
Sedgwick Japan Limited England
Sedgwick Kassman Limited Papua New Guinea
Sedgwick Kazakhstan Limited England
Sedgwick Kenya Insurance Brokers Limited Kenya
Sedgwick Lamda Limited England
Sedgwick Lane Financial L.L.C. United States of America
Sedgwick Lark Limited England
Sedgwick Life and Benefits, Inc. Texas
Sedgwick Limited England
Sedgwick Ltd. Australia
Sedgwick Ltd. Taiwan
Sedgwick Management Services (Antigua) Limited Antigua
Sedgwick Management Services (Barbados) Limited Barbados
Sedgwick Management Services (Bermuda) Limited Bermuda
Sedgwick Management Services (Cayman) Limited Cayman Islands
Sedgwick Management Services (Guernsey) Limited Guernsey
Sedgwick Management Services (Ireland) Limited Ireland
Sedgwick Management Services (Isle of Man) Limited Isle of Man
Sedgwick Management Services (London) Limited England
Sedgwick Management Services (Private) Limited Zimbabwe
Sedgwick Management Services (Singapore) Pte Limited Singapore
Sedgwick Management Services (U.S.) Ltd. Vermont
Sedgwick Managing General Agency, Inc. Texas
Sedgwick Noble Lowndes (Europe) Limited England
Sedgwick Noble Lowndes (NZ) Ltd. New Zealand
Sedgwick Noble Lowndes (PNG) Limited Papua New Guinea
Sedgwick Noble Lowndes (UK) Limited England
Sedgwick Noble Lowndes Actuarial Limited Australia
Sedgwick Noble Lowndes Asia Pacific Limited Australia
Sedgwick Noble Lowndes B.V. Netherlands
Sedgwick Noble Lowndes Conseil SA France
Sedgwick Noble Lowndes Financial Planning Limited Australia
Sedgwick Noble Lowndes GmbH Germany
Sedgwick Noble Lowndes Group Limited England
Sedgwick Noble Lowndes Insurance Division BV Netherlands
Sedgwick Noble Lowndes Limited England
Sedgwick Noble Lowndes Limited Hong Kong
Sedgwick Noble Lowndes Limited (Ireland) Ireland
Sedgwick Noble Lowndes North America, Inc. Delaware
Sedgwick Noble Lowndes Trusteeship Services Limited Australia
Sedgwick Northern Ireland Limited Northern Ireland
Sedgwick Northern Ireland Risk Services Limited Northern Ireland
Sedgwick of New Orleans, Inc. Louisiana
Sedgwick Omega Limited England
Sedgwick OS Limited England
Sedgwick Overseas Group Limited England
Sedgwick Overseas Investments Limited England
Sedgwick Overseas Limited England
Sedgwick Oy Finland
Sedgwick Parekh Health Management (Private) Limited India
Sedgwick Professional Services Limited New Zealand
Sedgwick Pte Ltd Singapore
Sedgwick Re Asia Pacific (Consultants) Private Limited Singapore
Sedgwick Re Asia Pacific Limited Australia
Sedgwick Re Holdings, Inc. United States of America
Sedgwick Reinsurance Brokers Limited England
Sedgwick Risk Consulting Limited Ireland
Sedgwick Risk Management and Consultancy (Private) Limited Zimbabwe
Sedgwick Risk Services AB Sweden
Sedgwick Russia Limited England
Sedgwick S.A. France
Sedgwick Slovakia a.s. Slovakia
Sedgwick Special Risks Limited England
Sedgwick Superannuation Pty Limited Australia
Sedgwick Sweden Aktiebolag Sweden
Sedgwick Theta Limited England
Sedgwick Trustees Limited England
Sedgwick Turkey Limited England
Sedgwick UK Risk Services Limited England
Sedgwick Ulster Pension Trustees Limited Northern Ireland
Sedgwick Venezuela Corredores de Reaseguros, C.A. Venezuela
Sedgwick Verwaltungs-GmbH Germany
Sellon Associates, Inc. New York
Sepakat James Insurance Brokers Sdn Bhd Malaysia
Sersur Brazil
Settlement Trustees Limited England
SG Services Limited England
Shariffuddin-Sedgwick (B) Sdn Bhd Brunei Darussalam
SIMS Nominees Limited England
Smith-Sternau Organization, Inc. Delaware
SNC P. Deleplanque France
SOC Group Plc England
Bargheon US LLC Delaware
Societe Conseil Mercer Limitee Canada
Societe d'Assurances et de Participations Guian S.A. France
Societe d'Etude et de Gestion et de Conseil en Assurance SA Senegal
Societe Internationale de Courtage d'Assurances et de Reassurances Cecar
& Jutheau Burkina Faso
Sogescor SARL France
Southampton Place Trustee Company Limited England
Southern Marine & Aviation Underwriters, Inc. Louisiana
Southern Marine & Aviation, Inc. Louisiana
Sovlink-American Corporation United States of America
Stephen F. Beard, Inc. Puerto Rico
Sudzucker Versicherungs-Vermittlungs GmbH Germany
Sumitomo Marine Claims Services (Europe) Limited England
Sundance B.V. Netherlands
Superfund Nominees Pty. Ltd. Australia
Syndicate and Corporate Management Services Inc. Delaware
Syndicate and Corporate Management Services Limited Bermuda
T.I.E. Systems Limited England
Tagwin Limited England
Technical Insurance Management Services Pty Limited Australia
Terra Nova (Bermuda) Holdings Ltd. Bermuda
TH Lee Putnam Equity Managers Trust Massachusetts
The ARC Group LLC Delaware
The Carpenter Management Corporation Delaware
The Financial & Insurance Advice Centre Limited England
The Green (Meredith Close) Maintenance Limited England
The International Employer Limited England
The Marsh Centre Limited England
The Pensions Management Institute England
The Putnam Advisory Company, LLC Delaware
The Schinnerer Group, Inc. Delaware
The Sedgwick Information Exchange Limited England
The Sumitomo Marine & Fire Insurance Company (Europe) Limited England
Tobelan S.A. Uruguay
Tower Hill Holdings B.V. Netherlands
Tower Hill Limited England
Tower Hill Property Company Limited England
Tower Place Developments Limited England
Tower Place Holdings Limited England
Transbrasil Ltda. Brazil
Transglobe (Guernsey) Limited Guernsey
Transglobe Management (Bermuda) Ltd. Bermuda
Travelgold Mexico, S.A. de C.V. Mexico
Triad Services, Inc. Delaware
Triad Underwriting Management Agency, Inc. Delaware
Troika Insurance Company Limited England
Tudor, Marsh & McLennan Corretores de Seguros Ltda. Brazil
Turf Insurance, Inc. United States of America
UABDB Marsh Lietuva Lithuania
UBM Consulting France International Management ConsultantsFr France
UBM Consultoria Internacional S/C Ltda. Brazil
Ulster Insurance Services Limited Northern Ireland
Uniservice Insurance Service Limited Bermuda
Unison Insurance Services Limited England
Unison Management (Bermuda) Ltd. Bermuda
Unison Management (Dublin) Limited Ireland
Unison Management (Finland) Oy Finland
Unison Management (Scandinavia) AB Sweden
Unison n.v./s.a. Belgium
Unused Subsidiary, Inc. New York
Unused Subsidiary, Inc. Texas
Van Vugt & Beukers B.V. Netherlands
Versicherungs-Vermittlungsgesellschaft fur die Energieversorgung
Baden-Wurttemberg mbH Germany
VIC Corporation Maine
Victor O. Schinnerer & Company Ltd. England
Victor O. Schinnerer & Company, Inc. Delaware
Victor O. Schinnerer & Company, Inc. Ohio
Victor O. Schinnerer of Illinois, Inc. Illinois
Victoria Hall Company Limited Bermuda
VW Versicherungsvermittlungs-GmbH Germany
W.M. Mercer Human Resources Inc. Philippines
Warren F. Kimball & Company Inc. United States of America
White Kennett Limited England
Wigham Poland (Hellas) Limited Greece
Wigham Poland Australia Pty. Limited Australia
Wigham Poland Aviation Limited England
Wigham Poland Limited England
Wigham Poland Reinsurance Brokers Hellas Limited Greece
Wigham Poland Reinsurance Brokers Limited England
Willcox Johnson & Higgins Limited England
Willcox, Barringer & Co. (California) Inc. California
William M Mercer GmbH Germany
William M. Mercer (Aust) Limited Australia
William M. Mercer (India) Pvt Ltd. India
William M. Mercer (Isle of Man) Limited Isle of Man
William M. Mercer (Malaysia) Sdn. Bhd. Malaysia
William M. Mercer (NZ) Limited New Zealand
William M. Mercer (S) Pte. Ltd. Singapore
William M. Mercer (Thailand) Ltd. Thailand
William M. Mercer A.B. Sweden
William M. Mercer A/S Denmark
William M. Mercer Agente de Seguros S.A. de C.V. Mexico
William M. Mercer Broking (Taiwan) Ltd. Taiwan
William M. Mercer CA Venezuela
William M. Mercer Claro Corredores de Seguros Ltda. Chile
William M. Mercer Comercio Consultoria e Servicos Ltda. Brazil
William M. Mercer Companies LLC Delaware
William M. Mercer Consulting (Taiwan) Ltd. Taiwan
William M. Mercer Consultoria Ltda. Brazil
William M. Mercer Cullen Egan Dell Limited Australia
William M. Mercer Fraser (Irish Pensioneer Trustees) Limited Ireland
William M. Mercer Fraser Limited England
William M. Mercer Holdings Canada, Inc. Delaware
William M. Mercer Holdings, Inc. Delaware
William M. Mercer Investment Consulting, Inc. Kentucky
William M. Mercer Kft. Hungary
William M. Mercer Korea Co. Ltd. Korea
William M. Mercer Lda. Portugal
William M. Mercer Limitada Brazil
William M. Mercer Limitada (Chile) Chile
William M. Mercer Limited England
William M. Mercer Limited (Canada) Canada
William M. Mercer Limited (Hong Kong) Hong Kong
William M. Mercer Limited (NZ) New Zealand
William M. Mercer Limited of Japan Japan
William M. Mercer Nominees Limited Australia
William M. Mercer of Indiana, Incorporated Indiana
William M. Mercer of Kentucky, Inc. Kentucky
William M. Mercer of Michigan, Incorporated Michigan
William M. Mercer of Texas, Inc. Texas
William M. Mercer of Virginia, Incorporated Virginia
William M. Mercer OY Finland
William M. Mercer Philippines, Incorporated Philippines
William M. Mercer Pty. Ltd. Australia
William M. Mercer Retirement Plan Pty. Ltd. Australia
William M. Mercer S.A. (Belgium) Belgium
William M. Mercer S.A. (France) France
William M. Mercer S.A. Asesores de Seguros Argentina
William M. Mercer S.A. De C.V. Mexico
William M. Mercer Securities Corp. Delaware
William M. Mercer Services B.V. Netherlands
William M. Mercer Sociedad Anonima Argentina
William M. Mercer SP. Z.O.O. Poland
William M. Mercer Srl Italy
William M. Mercer Tax Agents Pty Limited Australia
William M. Mercer Ten Pas B.V. Netherlands
William M. Mercer Zainal Fraser Sdn. Bhd.M Malaysia
William M. Mercer, Incorporated (Delaware) Delaware
William M. Mercer, Incorporated (Louisiana) Louisiana
William M. Mercer, Incorporated (Massachusetts) Massachusetts
William M. Mercer, Incorporated (Nevada) Nevada
William M. Mercer, Incorporated (Ohio) Ohio
William M. Mercer, Incorporated (Oklahoma) Oklahoma
William M. Mercer, Incorporated (Puerto Rico) Puerto Rico
William M. Mercer, S.A. Switzerland
William M. Mercer, S.A. Belgium
William M. Mercer-Faugere & Jutheau (S.A.R.L.) France
William M. Mercer-MPA Limited Hong Kong
Wilson McBride, Inc. Ohio
Winchester Bowring Limited England
WMM Haneveld Investment Consulting B.V.N Netherlands
WMM Services, Inc. Delaware
World Insurance Network Limited Unknown
Worldwide Energy Insurance Services, Inc. Unknown
Yarmouth Insurance Limited Bermuda