MMC SUBSIDIARY LIST AS OF 2-28-2003 - ------------------------------------------------------------------------------------------------------------------------ 122306 Canada Inc Canada - ------------------------------------------------------------------------------------------------------------------------ 1302318 Ontario Inc. Canada - ------------------------------------------------------------------------------------------------------------------------ A. Constantinidi & CIA. S.C. Uruguay - ------------------------------------------------------------------------------------------------------------------------ Actuarios Consultores Asociados Portugal - ------------------------------------------------------------------------------------------------------------------------ Administradora de Inmuebles Fin, S.A. de C.V. Mexico - ------------------------------------------------------------------------------------------------------------------------ Admiral Holdings Limited England - ------------------------------------------------------------------------------------------------------------------------ Admiral Ireland Limited Ireland - ------------------------------------------------------------------------------------------------------------------------ Admiral Underwriting Agencies (Ireland) Limited 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 - ------------------------------------------------------------------------------------------------------------------------ America Surplus Lines Insurance Company Mississippi - ------------------------------------------------------------------------------------------------------------------------ American Overseas Management Corporation (Canada) Canada - ------------------------------------------------------------------------------------------------------------------------ Am-Grip, Inc. Texas - ------------------------------------------------------------------------------------------------------------------------ Antah Sedgwick Insurance Brokers Sdn. Bhd. Malaysia - ------------------------------------------------------------------------------------------------------------------------ Anthony Lumsden & Company Limited England - ------------------------------------------------------------------------------------------------------------------------ Anthony Lumsden Group Limited England - ------------------------------------------------------------------------------------------------------------------------ APRIMAN, Inc. California - ------------------------------------------------------------------------------------------------------------------------ Assivalo Comercial E Representacoes Ltda. Brazil - ------------------------------------------------------------------------------------------------------------------------ Assur Conseils Cecar & Jutheau S.A. Senegal - ------------------------------------------------------------------------------------------------------------------------ Australian World Underwriters Pty Ltd. Australia - ------------------------------------------------------------------------------------------------------------------------ Aviation Risk Management Services Limited England - ------------------------------------------------------------------------------------------------------------------------ Avongrove Limited England - ------------------------------------------------------------------------------------------------------------------------ Ayba SA Argentina - ------------------------------------------------------------------------------------------------------------------------ B.K. Thomas & Partners Limited England - ------------------------------------------------------------------------------------------------------------------------ Baden-Wurttemberg mbH Germany - ------------------------------------------------------------------------------------------------------------------------ Balis & Co., Inc. Pennsylvania - ------------------------------------------------------------------------------------------------------------------------ Bargheon US LLC Delaware - ------------------------------------------------------------------------------------------------------------------------ Bau Assekuranz Vermittlungs GmbH Germany - ------------------------------------------------------------------------------------------------------------------------ Beneficios Ltda. Colombia - ------------------------------------------------------------------------------------------------------------------------ Bland Payne (South Aust.) Pty Limited Australia - ------------------------------------------------------------------------------------------------------------------------ Bonnor Holding A/S Denmark - ------------------------------------------------------------------------------------------------------------------------ Border Insurance Services, Inc. California - ------------------------------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------------------------------------------------ Caribbean Marine Associates, Inc. Florida - ------------------------------------------------------------------------------------------------------------------------ CarLease Luxembourg SA Luxembourg - ------------------------------------------------------------------------------------------------------------------------ Carpenter Bowring (UK) Limited England - ------------------------------------------------------------------------------------------------------------------------ Casualty Insurance Company Services, Inc. California - ------------------------------------------------------------------------------------------------------------------------ CBH Limited England - ------------------------------------------------------------------------------------------------------------------------ Cecar Brasil Administracao e Corretagem de Seguros Ltda. Brazil - ------------------------------------------------------------------------------------------------------------------------ Cecar Tunisie Tunisia - ------------------------------------------------------------------------------------------------------------------------ Charbonneau, Dulude & Associes (1985) Limitee/Charbonneau,U Canada - ------------------------------------------------------------------------------------------------------------------------ Claims, Inc Texas - ------------------------------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------------------------------------------------ Constantinidi Marsh SA Uruguay - ------------------------------------------------------------------------------------------------------------------------ Consulmercer-Consultores de Gestao, Sociedade Unipessoal, Lda. Portugal - ------------------------------------------------------------------------------------------------------------------------ Consultores 2020 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 (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 Ltd. Hong Kong - ------------------------------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------------------------------------------------ 2 - ------------------------------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------------------------------------------------ Danish Re (Bermuda) Limited Bermuda - ------------------------------------------------------------------------------------------------------------------------ Decision Research Corporation Massachusetts - ------------------------------------------------------------------------------------------------------------------------ DeLima Marsh S.A. - Los Corredores de Seguros S.A. Colombia - ------------------------------------------------------------------------------------------------------------------------ DeLima Mercer Agencia de Seguros Ltda. Colombia - ------------------------------------------------------------------------------------------------------------------------ DeLima Mercer Consultoria de Recursos Humanos Ltda. Colombia - ------------------------------------------------------------------------------------------------------------------------ Deutsche Post Assekuranz Vermittlungs GmbH Germany - ------------------------------------------------------------------------------------------------------------------------ Digitsuper Limited England - ------------------------------------------------------------------------------------------------------------------------ Don A. Harris & Associates, Inc. Nevada - ------------------------------------------------------------------------------------------------------------------------ Dupuis, Parizeau, Tremblay, Inc. Canada - ------------------------------------------------------------------------------------------------------------------------ E.W. Payne & Co. (Marine) Limited England - ------------------------------------------------------------------------------------------------------------------------ Elysees Prevoyance Gestion France - ------------------------------------------------------------------------------------------------------------------------ Encon Group Inc. Canada - ------------------------------------------------------------------------------------------------------------------------ Encon Holdings, Inc. Canada - ------------------------------------------------------------------------------------------------------------------------ Encon Holdings, Inc. (Texas) Texas - ------------------------------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------------------------------------------------ Excess and Treaty Management Corporation New York - ------------------------------------------------------------------------------------------------------------------------ Exmoor Management Company Limited Bermuda - ------------------------------------------------------------------------------------------------------------------------ Fenchurch Insurance Brokers Pty. Limited Australia - ------------------------------------------------------------------------------------------------------------------------ Fernando Mesquida y Asociados SA Argentina - ------------------------------------------------------------------------------------------------------------------------ Flexifund Limited England - ------------------------------------------------------------------------------------------------------------------------ FMV - Flughafen Munchen Versicherungsvermittlungsgesellschaft mbH Germany - ------------------------------------------------------------------------------------------------------------------------ 3 - ------------------------------------------------------------------------------------------------------------------------ G. E. Freeman Insurance Agency Limited Canada - ------------------------------------------------------------------------------------------------------------------------ Gaelarachas Teoranta Ireland - ------------------------------------------------------------------------------------------------------------------------ Galbraith & Green, Inc of Ohio Ohio - ------------------------------------------------------------------------------------------------------------------------ Gem Insurance Company Limited Bermuda - ------------------------------------------------------------------------------------------------------------------------ Gradmann & Holler GbR Germany - ------------------------------------------------------------------------------------------------------------------------ GSC Grupo de Servicos a Cortoes de Credito S/C Ltda. 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 Corredores de Reaseguros Ltda Chile - ------------------------------------------------------------------------------------------------------------------------ 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 Venezuela, C.A. Venezuela - ------------------------------------------------------------------------------------------------------------------------ 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 Colombia Corredores de Reaseguros Ltda. Colombia - ------------------------------------------------------------------------------------------------------------------------ Guy Carpenter Facultative Pty. Ltd. Australia - ------------------------------------------------------------------------------------------------------------------------ Guy Carpenter Facultatives S.A.S. 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 - ------------------------------------------------------------------------------------------------------------------------ Industrial Risks Protection Consultants Nigeria - ------------------------------------------------------------------------------------------------------------------------ Informed Sources Holdings Limited England - ------------------------------------------------------------------------------------------------------------------------ Informed Sources International Limited England - ------------------------------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------------------------------------------------ 4 - ------------------------------------------------------------------------------------------------------------------------ IPT Actuarial Services Limited Ireland - ------------------------------------------------------------------------------------------------------------------------ Irish & Maulson Limited Canada - ------------------------------------------------------------------------------------------------------------------------ Irish Pension Trustees Limited Ireland - ------------------------------------------------------------------------------------------------------------------------ Irish Pensions Trust Limited Ireland - ------------------------------------------------------------------------------------------------------------------------ Ivoiriennes Assurances Conseil Ivory Coast - ------------------------------------------------------------------------------------------------------------------------ J&H Benefits Plus Inc. Philippines - ------------------------------------------------------------------------------------------------------------------------ J&H Global Risk Management Consultancy Limited England - ------------------------------------------------------------------------------------------------------------------------ J&H Intermediaries (Barbados) Limited Barbados - ------------------------------------------------------------------------------------------------------------------------ J&H Marsh & McLennan (Colombia) Ltda. Colombia - ------------------------------------------------------------------------------------------------------------------------ J&H Marsh & McLennan (UK) Limited England - ------------------------------------------------------------------------------------------------------------------------ J&H Marsh & McLennan Intermediaries of Washington, Inc. Washington - ------------------------------------------------------------------------------------------------------------------------ J&H Marsh & McLennan Ireland Limited Ireland - ------------------------------------------------------------------------------------------------------------------------ J&H Marsh & McLennan Limited (HK) Hong Kong - ------------------------------------------------------------------------------------------------------------------------ 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 UNISON Holdings B.V. Netherlands - ------------------------------------------------------------------------------------------------------------------------ James Wigham Poland International Limited England - ------------------------------------------------------------------------------------------------------------------------ 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 Chile S.A. Chile - ------------------------------------------------------------------------------------------------------------------------ Johnson & Higgins Consulting (Far East) Ltd. Hong Kong - ------------------------------------------------------------------------------------------------------------------------ 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 Securities, Inc. Montana - ------------------------------------------------------------------------------------------------------------------------ Johnson & Higgins UK Limited England - ------------------------------------------------------------------------------------------------------------------------ Johnson & Higgins Willis Faber (U.S.A.) Inc. New York - ------------------------------------------------------------------------------------------------------------------------ Johnson & Higgins Willis Faber Holdings, Inc. New York - ------------------------------------------------------------------------------------------------------------------------ JWP Overseas Holdings Limited England - ------------------------------------------------------------------------------------------------------------------------ Kessler & Co Switzerland - ------------------------------------------------------------------------------------------------------------------------ Lamarre, Caty, Houle Ltee Canada - ------------------------------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------------------------------------------------ Lynch Insurance Brokers Limited Barbados - ------------------------------------------------------------------------------------------------------------------------ M&M Insurance Management Canada Ltd. Canada - ------------------------------------------------------------------------------------------------------------------------ M&M Vehicle, L.P. Delaware - ------------------------------------------------------------------------------------------------------------------------ M.B. Fitzpatrick Limited Ireland - ------------------------------------------------------------------------------------------------------------------------ Mactras (Bermuda) Limited Bermuda - ------------------------------------------------------------------------------------------------------------------------ Marclen Holdings, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ Marclen LLC Delaware - ------------------------------------------------------------------------------------------------------------------------ Mariners Insurance Agency, Inc. Massachusetts - ------------------------------------------------------------------------------------------------------------------------ 5 - ------------------------------------------------------------------------------------------------------------------------ Maritime Adjusters, Inc. Massachusetts - ------------------------------------------------------------------------------------------------------------------------ Marsh - Insurance Brokers ZAO Russia - ------------------------------------------------------------------------------------------------------------------------ Marsh & Co. S.p.A. Italy - ------------------------------------------------------------------------------------------------------------------------ Marsh & McLennan (PNG) Limited Papua New Guinea - ------------------------------------------------------------------------------------------------------------------------ Marsh & McLennan (Singapore) Pte Ltd Singapore - ------------------------------------------------------------------------------------------------------------------------ Marsh & McLennan (South Australia) Pty Ltd Australia - ------------------------------------------------------------------------------------------------------------------------ Marsh & McLennan (WA) Pty. Ltd. Australia - ------------------------------------------------------------------------------------------------------------------------ Marsh & McLennan Agencies Pty. Ltd. Australia - ------------------------------------------------------------------------------------------------------------------------ Marsh & McLennan Agency, Incorporated Colombia - ------------------------------------------------------------------------------------------------------------------------ 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 Financial Markets, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ Marsh & McLennan Finland Oy Finland - ------------------------------------------------------------------------------------------------------------------------ Marsh & McLennan GbR Holdings, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ Marsh & McLennan Global Broking Ltd. Bermuda - ------------------------------------------------------------------------------------------------------------------------ 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 Management Services (Bermuda) Limited Bermuda - ------------------------------------------------------------------------------------------------------------------------ Marsh & McLennan Management Services (Guernsey) Limited Guernsey - ------------------------------------------------------------------------------------------------------------------------ Marsh & McLennan Nederland B.V. Netherlands - ------------------------------------------------------------------------------------------------------------------------ Marsh & McLennan of Puerto Rico, Inc. Puerto Rico - ------------------------------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------------------------------------------------ 6 - ------------------------------------------------------------------------------------------------------------------------ Marsh (Namibia) (Proprietary) Limited Namibia - ------------------------------------------------------------------------------------------------------------------------ Marsh (Pty) Limited Botswana - ------------------------------------------------------------------------------------------------------------------------ Marsh (South Africa) (Proprietary) Limited South Africa - ------------------------------------------------------------------------------------------------------------------------ Marsh A/S Denmark - ------------------------------------------------------------------------------------------------------------------------ Marsh AB Sweden - ------------------------------------------------------------------------------------------------------------------------ Marsh Advanced Risk Services Limited England - ------------------------------------------------------------------------------------------------------------------------ Marsh Advanced Risk Solutions Limited England - ------------------------------------------------------------------------------------------------------------------------ Marsh AG Switzerland - ------------------------------------------------------------------------------------------------------------------------ Marsh Argentina SRL Argentina - ------------------------------------------------------------------------------------------------------------------------ Marsh Asia Pacific Management Pty. Ltd. Australia - ------------------------------------------------------------------------------------------------------------------------ Marsh Assessoria e Consultoria Empresarial S/C Ltda. Brazil - ------------------------------------------------------------------------------------------------------------------------ Marsh Assistencia e Administracao S/C Ltda. Brazil - ------------------------------------------------------------------------------------------------------------------------ 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 Caspian Services LLC Azerbaijan - ------------------------------------------------------------------------------------------------------------------------ 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.S. France - ------------------------------------------------------------------------------------------------------------------------ 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 Direct Korea - ------------------------------------------------------------------------------------------------------------------------ Marsh E00D Bulgaria - ------------------------------------------------------------------------------------------------------------------------ Marsh Employee Benefit Services Limited England - ------------------------------------------------------------------------------------------------------------------------ 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. Indiana - ------------------------------------------------------------------------------------------------------------------------ Marsh Financial Services, Inc. New York - ------------------------------------------------------------------------------------------------------------------------ Marsh Georgia Limited England - ------------------------------------------------------------------------------------------------------------------------ Marsh Global Broking (Bermuda) Ltd. Bermuda - ------------------------------------------------------------------------------------------------------------------------ Marsh Global Broking (Dublin) Limited Ireland - ------------------------------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------------------------------------------------ 7 - ------------------------------------------------------------------------------------------------------------------------ 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 Independent Financial Advisers Limited England - ------------------------------------------------------------------------------------------------------------------------ Marsh India Private Limited India - ------------------------------------------------------------------------------------------------------------------------ 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 (Private) Limited Zimbabwe - ------------------------------------------------------------------------------------------------------------------------ Marsh Insurance Brokers Limited England - ------------------------------------------------------------------------------------------------------------------------ Marsh Insurance Services Spolka z.o.o. Poland - ------------------------------------------------------------------------------------------------------------------------ Marsh Intermediaries, Inc. New York - ------------------------------------------------------------------------------------------------------------------------ Marsh International Broking Holdings Limited England - ------------------------------------------------------------------------------------------------------------------------ Marsh International Holdings (Korea) Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ Marsh International Holdings II, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ Marsh International Holdings, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ Marsh International Limited England - ------------------------------------------------------------------------------------------------------------------------ Marsh Investment Consultants Limited Ireland - ------------------------------------------------------------------------------------------------------------------------ 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 Kindlustusmaakler AS Estonia - ------------------------------------------------------------------------------------------------------------------------ Marsh Korea, Inc. Korea - ------------------------------------------------------------------------------------------------------------------------ Marsh Life & Pension Oy Finland - ------------------------------------------------------------------------------------------------------------------------ Marsh Limited England - ------------------------------------------------------------------------------------------------------------------------ Marsh Limited (Fiji) Fiji - ------------------------------------------------------------------------------------------------------------------------ Marsh Limited (New Zealand) New Zealand - ------------------------------------------------------------------------------------------------------------------------ Marsh Link Limited England - ------------------------------------------------------------------------------------------------------------------------ Marsh LLC Ukraine - ------------------------------------------------------------------------------------------------------------------------ Marsh LLC Insurance Brokers Greece - ------------------------------------------------------------------------------------------------------------------------ Marsh Ltd. Wisconsin - ------------------------------------------------------------------------------------------------------------------------ Marsh Ltd. Taiwan Branch Taiwan - ------------------------------------------------------------------------------------------------------------------------ Marsh Luxembourg SA Luxembourg - ------------------------------------------------------------------------------------------------------------------------ Marsh Management Services (Barbados), Ltd. Barbados - ------------------------------------------------------------------------------------------------------------------------ Marsh Management Services (Bermuda) Ltd. Bermuda - ------------------------------------------------------------------------------------------------------------------------ Marsh Management Services (Cayman) Ltd. Cayman Islands - ------------------------------------------------------------------------------------------------------------------------ Marsh Management Services (Dublin) Limited Ireland - ------------------------------------------------------------------------------------------------------------------------ Marsh Management Services (Labuan) Limited Malaysia - ------------------------------------------------------------------------------------------------------------------------ Marsh Management Services (Luxembourg) SA Luxembourg - ------------------------------------------------------------------------------------------------------------------------ Marsh Management Services (USVI) Ltd. Virgin Islands - ------------------------------------------------------------------------------------------------------------------------ Marsh Management Services Guernsey Limited Guernsey - ------------------------------------------------------------------------------------------------------------------------ Marsh Management Services Inc. New York - ------------------------------------------------------------------------------------------------------------------------ 8 - ------------------------------------------------------------------------------------------------------------------------ Marsh Management Services Isle of Man Limited Isle of Man - ------------------------------------------------------------------------------------------------------------------------ Marsh Management Services Jersey Limited Japan - ------------------------------------------------------------------------------------------------------------------------ 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 Investment Trustee Limited England - ------------------------------------------------------------------------------------------------------------------------ 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 Placement Services Limited England - ------------------------------------------------------------------------------------------------------------------------ Marsh Privat, A.I.E. Spain - ------------------------------------------------------------------------------------------------------------------------ Marsh Professional Risk Consultants (Pty) Limited South Africa - ------------------------------------------------------------------------------------------------------------------------ Marsh Pty. Ltd. Australia - ------------------------------------------------------------------------------------------------------------------------ Marsh Risk Consulting B.V. Netherlands - ------------------------------------------------------------------------------------------------------------------------ Marsh Risk Consulting Services S.r.l. Italy - ------------------------------------------------------------------------------------------------------------------------ Marsh S.A. Belgium - ------------------------------------------------------------------------------------------------------------------------ Marsh S.A. (France) France - ------------------------------------------------------------------------------------------------------------------------ Marsh S.A. Corredores De Seguros Chile - ------------------------------------------------------------------------------------------------------------------------ Marsh S.p.A. Italy - ------------------------------------------------------------------------------------------------------------------------ Marsh S.R.L. Romania - ------------------------------------------------------------------------------------------------------------------------ Marsh s.r.o. (Czech Republic) Czech Republic - ------------------------------------------------------------------------------------------------------------------------ Marsh s.r.o. (Slovakia) Slovak Republic - ------------------------------------------------------------------------------------------------------------------------ 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.S. 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 (Dublin) Limited Ireland - ------------------------------------------------------------------------------------------------------------------------ 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) Texas - ------------------------------------------------------------------------------------------------------------------------ Marsh USA Benefits Inc. (Texas) 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 - ------------------------------------------------------------------------------------------------------------------------ 9 - ------------------------------------------------------------------------------------------------------------------------ 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. (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, Lda. Portugal - ------------------------------------------------------------------------------------------------------------------------ Marsh, S.A. Mediadores de Seguros Spain - ------------------------------------------------------------------------------------------------------------------------ Marsh-Assureurs Conseils Tchadiens SARL Chad - ------------------------------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------------------------------------------------ Mediservice Administradora De Planos De Saude Ltda.B Brazil - ------------------------------------------------------------------------------------------------------------------------ Medisure Affinity Services Limited England - ------------------------------------------------------------------------------------------------------------------------ Medisure Corporate Services Limited England - ------------------------------------------------------------------------------------------------------------------------ Medisure Marketing and Management Limited England - ------------------------------------------------------------------------------------------------------------------------ Mees & Zoonen Argentina SA Argentina - ------------------------------------------------------------------------------------------------------------------------ Members Insurance Club Agency, Inc. Louisiana - ------------------------------------------------------------------------------------------------------------------------ Members Insurance Club Agency, Inc. Ohio - ------------------------------------------------------------------------------------------------------------------------ Mercer Asesores de Seguros SA Argentina - ------------------------------------------------------------------------------------------------------------------------ Mercer Australia Limited Australia - ------------------------------------------------------------------------------------------------------------------------ Mercer Broking Ltd. Taiwan - ------------------------------------------------------------------------------------------------------------------------ Mercer Consulting Group Verwaltungs GmbH Germany - ------------------------------------------------------------------------------------------------------------------------ Mercer Consulting Holdings Sdn. Bhd. Malaysia - ------------------------------------------------------------------------------------------------------------------------ Mercer Corredores de Seguros Ltda. Chile - ------------------------------------------------------------------------------------------------------------------------ Mercer Corretora de Seguros Ltda Brazil - ------------------------------------------------------------------------------------------------------------------------ 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 Holdings Canada, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ 10 - ------------------------------------------------------------------------------------------------------------------------ Mercer Holdings, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting Turkey - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting (S) Pte Ltd Singapore - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting a.s. Czech Republic - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting A/S Denmark - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting and Insurance Brokers Limited Hungary - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting AS Norway - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting B.V. Netherlands - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting CA Venezuela - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting GmbH Austria - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting GmbH Germany - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting Korea Ltd. Korea - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting Lda. Portugal - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting Limited Canada - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting Limited China - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting Limited England - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting Limited Hong Kong - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting Limited Ireland - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting Limited The People's Republic of China - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting LLC Delaware - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting Ltd Japan - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting Ltd Thailand - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting Ltd. New Zealand - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting Ltd. Taiwan - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting Ltda Brazil - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting of Indiana, Inc. Indiana - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting of Kentucky, Inc. Kentucky - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting of Louisiana, Inc. Louisiana - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting of Massachusetts, Inc. Massachusetts - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting of Michigan, Inc. Michigan - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting of Ohio, Inc. Ohio - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting of Oklahoma, Inc. Oklahoma - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting of Puerto Rico, Inc. Puerto Rico - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting of Texas, Inc. Texas - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting of Virginia, Inc. Virginia - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting OY Finland - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting PT Indonesia - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting Pty Ltd Australia - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting Pvt Ltd India - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting S.A. France - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting SA Argentina - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting SA Switzerland - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting SA de CV Mexico - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting SA-NV Belgium - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting SP. Z.O.O. Poland - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting Srl Italy - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting, Inc. Philippines - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resource Consulting, S.L. Spain - ------------------------------------------------------------------------------------------------------------------------ Mercer Human Resources Consulting Ltda. Chile - ------------------------------------------------------------------------------------------------------------------------ 11 - ------------------------------------------------------------------------------------------------------------------------ Mercer Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ Mercer Insurance Services, Inc. Massachusetts - ------------------------------------------------------------------------------------------------------------------------ Mercer Investment Consulting Limited Ireland - ------------------------------------------------------------------------------------------------------------------------ Mercer Investment Consulting, Inc. Kentucky - ------------------------------------------------------------------------------------------------------------------------ Mercer Investment Nominees Ltd Australia - ------------------------------------------------------------------------------------------------------------------------ Mercer Ireland Holdings Limited Ireland - ------------------------------------------------------------------------------------------------------------------------ Mercer Legal (NSW) Pty Ltd Australia - ------------------------------------------------------------------------------------------------------------------------ Mercer Legal (Queensland) Pty Ltd Australia - ------------------------------------------------------------------------------------------------------------------------ Mercer Limited England - ------------------------------------------------------------------------------------------------------------------------ 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 Pensionsraadgivning A/S Denmark - ------------------------------------------------------------------------------------------------------------------------ Mercer Personenversicherungs-makler GmbH Austria - ------------------------------------------------------------------------------------------------------------------------ Mercer R.H. SARL France - ------------------------------------------------------------------------------------------------------------------------ Mercer Risk, Finance & Insurance Consulting, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ Mercer Risk, Finance and Insurance Consulting Limited Canada - ------------------------------------------------------------------------------------------------------------------------ Mercer SA France - ------------------------------------------------------------------------------------------------------------------------ Mercer Securities, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ Mercer Services B.V. Netherlands - ------------------------------------------------------------------------------------------------------------------------ Mercer Sweden AB Sweden - ------------------------------------------------------------------------------------------------------------------------ Mercer Tax Agents Pty Ltd Australia - ------------------------------------------------------------------------------------------------------------------------ Mercer Trustees Limited England - ------------------------------------------------------------------------------------------------------------------------ Mercer Trustees Limited Ireland - ------------------------------------------------------------------------------------------------------------------------ Mercer Zainal Consulting Sdn Bhd Malaysia - ------------------------------------------------------------------------------------------------------------------------ Mercer-Faugere & Jutheau SA France - ------------------------------------------------------------------------------------------------------------------------ MercerHR.com LLC Delaware - ------------------------------------------------------------------------------------------------------------------------ MercerHR.com, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ Microsafe Limited England - ------------------------------------------------------------------------------------------------------------------------ MMC Capital C&I GP, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ MMC Capital Limited England - ------------------------------------------------------------------------------------------------------------------------ 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 Services, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ MMC Enterprise Risk, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ MMC Executive Services, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ MMC France S.A. France - ------------------------------------------------------------------------------------------------------------------------ MMC Realty, Inc. New York - ------------------------------------------------------------------------------------------------------------------------ MMRC LLC Delaware - ------------------------------------------------------------------------------------------------------------------------ 12 - ------------------------------------------------------------------------------------------------------------------------ MMRCH LLC Delaware - ------------------------------------------------------------------------------------------------------------------------ MMSC Holdings, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ MMSC Risk Advisors, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ MPA (International) Limited England - ------------------------------------------------------------------------------------------------------------------------ Muir Beddal (Zimbabwe) Limited Zimbabwe - ------------------------------------------------------------------------------------------------------------------------ MVM Versicherungsberatungs Gesellschaft m.b.H. Austria - ------------------------------------------------------------------------------------------------------------------------ MVM Versicherungsmakler AG Switzerland - ------------------------------------------------------------------------------------------------------------------------ N.V. Algemene Verzekeringsmaatschappij "De Zee" Netherlands - ------------------------------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------------------------------------------------ OCR Ltd. Australia - ------------------------------------------------------------------------------------------------------------------------ Omega Indemnity (Bermuda) Limited Bermuda - ------------------------------------------------------------------------------------------------------------------------ Organizacion Brockman y Schuh, S.A. de C.V. Mexico - ------------------------------------------------------------------------------------------------------------------------ Overseas Reinsurance Corporation Limited Bermuda - ------------------------------------------------------------------------------------------------------------------------ P.I.C. Advisory Services Limited Ireland - ------------------------------------------------------------------------------------------------------------------------ Paladin Reinsurance Corporation New York - ------------------------------------------------------------------------------------------------------------------------ Palamerican Corporation Delaware - ------------------------------------------------------------------------------------------------------------------------ Pallas Marsh Corretagem de Seguros Ltda. Brazil - ------------------------------------------------------------------------------------------------------------------------ Pan Agora Asset Management, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ Panhandle Insurance Agency, Inc. Texas - ------------------------------------------------------------------------------------------------------------------------ Paul Napolitan, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ Payment Protection Services Limited Ireland - ------------------------------------------------------------------------------------------------------------------------ Penguin Investments (Pty) Limited Botswana - ------------------------------------------------------------------------------------------------------------------------ Pension Trustees Limited England - ------------------------------------------------------------------------------------------------------------------------ Peter Smart Associates Limited England - ------------------------------------------------------------------------------------------------------------------------ PFT Limited England - ------------------------------------------------------------------------------------------------------------------------ Philadelphia Insurance Management Company Delaware - ------------------------------------------------------------------------------------------------------------------------ PI Financial Risk Services (Proprietary) Limited South Africa - ------------------------------------------------------------------------------------------------------------------------ PI Indemnity Company, Limited Ireland - ------------------------------------------------------------------------------------------------------------------------ PII Holdings, Inc. Massachusetts - ------------------------------------------------------------------------------------------------------------------------ Potomac Insurance Managers, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ Pratte-Morrissette, Inc. Canada - ------------------------------------------------------------------------------------------------------------------------ Price Forbes Australia Limited Australia - ------------------------------------------------------------------------------------------------------------------------ Price Forbes Limited England - ------------------------------------------------------------------------------------------------------------------------ PRIESTIM SCI France - ------------------------------------------------------------------------------------------------------------------------ PT. Marsh Indonesia Indonesia - ------------------------------------------------------------------------------------------------------------------------ PT. Peranas Agung Indonesia - ------------------------------------------------------------------------------------------------------------------------ Putnam Aviation Holdings, LLC Delaware - ------------------------------------------------------------------------------------------------------------------------ Putnam Capital, LLC Delaware - ------------------------------------------------------------------------------------------------------------------------ Putnam Fiduciary Trust Company Massachusetts - ------------------------------------------------------------------------------------------------------------------------ 13 - ------------------------------------------------------------------------------------------------------------------------ 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. Canada - ------------------------------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------------------------------------------------ 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. Delaware - ------------------------------------------------------------------------------------------------------------------------ ReSolutions International Limited England - ------------------------------------------------------------------------------------------------------------------------ Resolutions International Limited (Delaware) Delaware - ------------------------------------------------------------------------------------------------------------------------ Resource Benefit Associates Nigeria - ------------------------------------------------------------------------------------------------------------------------ Retach Corporation Delaware - ------------------------------------------------------------------------------------------------------------------------ Retirement Pension Trustee's Limited Zimbabwe - ------------------------------------------------------------------------------------------------------------------------ RG Serv. Philippines Inc. Philippines - ------------------------------------------------------------------------------------------------------------------------ Rhone Limited England - ------------------------------------------------------------------------------------------------------------------------ RIC Management Services Limited 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 - ------------------------------------------------------------------------------------------------------------------------ Rockefeller Risk Advisors of Florida, Inc. Florida - ------------------------------------------------------------------------------------------------------------------------ Rockefeller Risk Advisors, Inc. New York - ------------------------------------------------------------------------------------------------------------------------ Route 413 Associates, Inc. Pennsylvania - ------------------------------------------------------------------------------------------------------------------------ Sackville House Limited England - ------------------------------------------------------------------------------------------------------------------------ SAFCAR Cecar & Jutheau Mali - ------------------------------------------------------------------------------------------------------------------------ Saldana & Associates, Inc. Puerto Rico - ------------------------------------------------------------------------------------------------------------------------ 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 Georgia, Inc. Georgia - ------------------------------------------------------------------------------------------------------------------------ 14 - ------------------------------------------------------------------------------------------------------------------------ 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. (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 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 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 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 B.V. Netherlands - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Far East Limited England - ------------------------------------------------------------------------------------------------------------------------ 15 - ------------------------------------------------------------------------------------------------------------------------ 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 Japan - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Global Reinsurance Services Limited England - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Group (Australia) Pty. Limited Australia - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Group (Bermuda) Limited Bermuda - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Group (Netherlands) B.V. 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 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 James of Puerto Rico, Inc. Puerto Rico - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Japan Limited England - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Kassman Limited Papua New Guinea - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Kazakhstan Limited England - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Life and Benefits, Inc. Texas - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Limited England - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Ltd. Australia - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Ltd. Canada - ------------------------------------------------------------------------------------------------------------------------ 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) 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 - ------------------------------------------------------------------------------------------------------------------------ 16 - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Noble Lowndes B.V. Netherlands - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Noble Lowndes Conseil SA France - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Noble Lowndes Financial Planning Limited Australia - ------------------------------------------------------------------------------------------------------------------------ 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 Investments 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. Delaware - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Reinsurance Brokers Limited England - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Risk Consulting Limited Ireland - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Risk Management & Consultants (Private) Limited Zimbabwe - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Risk Services AB Sweden - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Russia Limited England - ------------------------------------------------------------------------------------------------------------------------ Sedgwick Slovakia a.s. Slovak Republic - ------------------------------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------------------------------------------------ Sellon Associates, Inc. New York - ------------------------------------------------------------------------------------------------------------------------ Sepakat James Insurance Brokers Sdn Bhd Malaysia - ------------------------------------------------------------------------------------------------------------------------ Settlement Trustees Limited England - ------------------------------------------------------------------------------------------------------------------------ Shariffuddin-Sedgwick (B) Sdn Bhd Brunei Darussalam - ------------------------------------------------------------------------------------------------------------------------ SIMS Nominees Limited England - ------------------------------------------------------------------------------------------------------------------------ Societe Bargheon S.A. France - ------------------------------------------------------------------------------------------------------------------------ Societe Conseil Mercer Limitee Canada - ------------------------------------------------------------------------------------------------------------------------ Societe Internationale de Courtage d'Assurances et de Burkina Faso Reassurances Cecar & Jutheau - ------------------------------------------------------------------------------------------------------------------------ Southampton Place Trustee Company Limited England - ------------------------------------------------------------------------------------------------------------------------ Southern Marine & Aviation Underwriters, Inc. Louisiana - ------------------------------------------------------------------------------------------------------------------------ Southern Marine & Aviation, Inc. Louisiana - ------------------------------------------------------------------------------------------------------------------------ Stephen F. Beard, Inc. Puerto Rico - ------------------------------------------------------------------------------------------------------------------------ 17 - ------------------------------------------------------------------------------------------------------------------------ Sudzucker Versicherungs-Vermittlungs GmbH Germany - ------------------------------------------------------------------------------------------------------------------------ Sundance B.V. Netherlands - ------------------------------------------------------------------------------------------------------------------------ Syndicate and Corporate Management Services Inc. Delaware - ----------------------------------------------------------------------------------------------------------------------- Syndicate and Corporate Management Services Limited Bermuda - ------------------------------------------------------------------------------------------------------------------------ Technical Insurance Management Services Pty Limited Australia - ------------------------------------------------------------------------------------------------------------------------ TH Lee Putnam Equity Managers Trust Massachusetts - ------------------------------------------------------------------------------------------------------------------------ The Carpenter Management Corporation Delaware - ------------------------------------------------------------------------------------------------------------------------ The Financial & Insurance Advice Centre Limited England - ------------------------------------------------------------------------------------------------------------------------ The Marsh Centre Limited England - ------------------------------------------------------------------------------------------------------------------------ The Medisure Group Limited England - ------------------------------------------------------------------------------------------------------------------------ The Putnam Advisory Company, LLC Delaware - ------------------------------------------------------------------------------------------------------------------------ The Schinnerer Group, Inc. Delaware - ------------------------------------------------------------------------------------------------------------------------ Tobelan S.A. Uruguay - ------------------------------------------------------------------------------------------------------------------------ Tower Hill Holdings B.V. Netherlands - ------------------------------------------------------------------------------------------------------------------------ Tower Hill Limited England - ------------------------------------------------------------------------------------------------------------------------ Tower Hill Property Company Limited England - ------------------------------------------------------------------------------------------------------------------------ Tower Place Developments (West) 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 - ------------------------------------------------------------------------------------------------------------------------ U.T.E. Marsh - Aon Gil y Carvajal Spain - ------------------------------------------------------------------------------------------------------------------------ U.T.E. Marsh - Disbrok Spain - ------------------------------------------------------------------------------------------------------------------------ U.T.E. Marsh - Eurobrok Spain - ------------------------------------------------------------------------------------------------------------------------ U.T.E. Marsh McLennan - Cobian & Cobian Spain - ------------------------------------------------------------------------------------------------------------------------ U.T.E. Marsh McLennan - Cobian & Cobian - La Coruna Spain - ------------------------------------------------------------------------------------------------------------------------ U.T.E. Marsh-Chang Spain - ------------------------------------------------------------------------------------------------------------------------ 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 Management (Bermuda) Limited Bermuda - ------------------------------------------------------------------------------------------------------------------------ Unison Management (Dublin) Limited Ireland - ------------------------------------------------------------------------------------------------------------------------ Unison Management (Finland) Oy Finland - ------------------------------------------------------------------------------------------------------------------------ Unison Management (Scandinavia) AB Sweden - ------------------------------------------------------------------------------------------------------------------------ Unison n.v./s.a. Belgium - ------------------------------------------------------------------------------------------------------------------------ Unison Technical Services s.c.r.l. Belgium - ------------------------------------------------------------------------------------------------------------------------ Universal Ray S.A. Uruguay - ------------------------------------------------------------------------------------------------------------------------ Unused Subsidiary, Inc. New York - ------------------------------------------------------------------------------------------------------------------------ Unused Subsidiary, Inc. Texas - ------------------------------------------------------------------------------------------------------------------------ Van Vugt & Beukers B.V. Netherlands - ------------------------------------------------------------------------------------------------------------------------ Versicherungs-Vermittlungsgesellschaft fur die Energieversorgung Germany - ------------------------------------------------------------------------------------------------------------------------ VIC Corporation Maine - ------------------------------------------------------------------------------------------------------------------------ 18 - ------------------------------------------------------------------------------------------------------------------------ Victor O. Schinnerer & Company Limited England - ------------------------------------------------------------------------------------------------------------------------ Victor O. Schinnerer & Company, Inc. Ohio - ------------------------------------------------------------------------------------------------------------------------ Victor O. Schinnerer & Company, Inc. (Delaware) Delaware - ------------------------------------------------------------------------------------------------------------------------ Victor O. Schinnerer of Illinois, Inc. Illinois - ------------------------------------------------------------------------------------------------------------------------ Victoria Hall Company Limited Bermuda - ------------------------------------------------------------------------------------------------------------------------ Vikela Marsh (Proprietary) Limited South Africa - ------------------------------------------------------------------------------------------------------------------------ VW Versicherungsvermittlungs-GmbH Germany - ------------------------------------------------------------------------------------------------------------------------ W.M. Mercer SA Switzerland - ------------------------------------------------------------------------------------------------------------------------ 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 (Aust) Limited Australia - ------------------------------------------------------------------------------------------------------------------------ William M. Mercer (Isle of Man) Limited Isle of Man - ------------------------------------------------------------------------------------------------------------------------ William M. Mercer Cullen Egan Dell Limited Australia - ------------------------------------------------------------------------------------------------------------------------ William M. Mercer Europe France - ------------------------------------------------------------------------------------------------------------------------ William M. Mercer Fraser (Irish Pensioneer Trustees) Limited Ireland - ------------------------------------------------------------------------------------------------------------------------ William M. Mercer Fraser Limited England - ------------------------------------------------------------------------------------------------------------------------ William M. Mercer Limited England - ------------------------------------------------------------------------------------------------------------------------ William M. Mercer Limited (NZ) New Zealand - ------------------------------------------------------------------------------------------------------------------------ William M. Mercer Philippines, Incorporated Philippines - ------------------------------------------------------------------------------------------------------------------------ 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 England - ------------------------------------------------------------------------------------------------------------------------ Worldwide Energy Insurance Services, Inc. Wisconsin - ------------------------------------------------------------------------------------------------------------------------ Yarmouth Insurance Limited Bermuda - ------------------------------------------------------------------------------------------------------------------------ 19