Marsh & McLennan Companies'

“Marsh & McLennan Companies' history dates back to 1871. Marsh, our risk and insurance services subsidiary, has a long and distinguished history as the world's leading insurance broker and risk management advisor. In 1923 we made our first major business extension – into reinsurance broking – with the acquisition of the newly formed Guy Carpenter & Company. In 1959 we expanded our presence in human resource consulting with the acquisition of Canadian benefits consultant William M. Mercer Limited. That company is known today as Mercer, and is a global leader for HR and related financial advice, products, and services. Marsh & McLennan Companies entered the business of investment management in 1970 through the acquisition of Putnam Investments. Founded in 1937, Putnam has grown into one of the largest mutual fund companies in the United States. In the 1980s, we began to expand into specialty consulting. Today, our subsidiary the Oliver Wyman Group delivers advisory services to clients via three operating units: management consulting through Oliver Wyman, corporate branding and identity consulting through Lippincott, and economic analysis and advice through NERA Economic Consulting. In 2004 we broadened our risk consulting services significantly with the acquisition of Kroll, which provides a broad range of investigative, intelligence, financial, security, and technology services. The following Marsh & McLennan Companies milestones provide an overview of significant developments in our history:”

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