Marsh & McLennan Companies, Inc.  - Insurance Brokers - Category Directory

(212) 345-5000

1166 Avenue of the Americas
New York, NY 10036
www.marshmac.com

Sales

$11.6 billion

Business Description

Marsh & McLennan Companies, Inc. ("MMC"), is a global professional
services firm with origins dating from 1871 in the United States. MMC is the
parent company of various subsidiaries and affiliates that provide clients with
analysis, advice and transactional capabilities in the fields of risk and
insurance services, investment management and consulting.

RISK AND INSURANCE SERVICES. MMC's risk and insurance services are provided
by its subsidiaries and their affiliates as broker, agent or consultant for
insureds, insurance underwriters and other brokers on a worldwide basis in the
areas of:

o risk management and insurance broking,

o reinsurance broking and services, and

o related insurance services.

These services are provided by Marsh Inc., which delivers risk and insurance
services and solutions to clients through its various subsidiaries and
affiliates. Risk management, insurance broking, financial solutions and
insurance program management services are provided for businesses, public
entities, associations, professional services organizations and private clients
under the Marsh name. Reinsurance broking, catastrophe and financial modeling
services and related advisory functions are conducted for insurance and
reinsurance companies, principally under the Guy Carpenter name. Underwriting
management and wholesale broking services are performed for a wide range of
clients under various names. Claims and associated productivity services are
provided by Sedgwick Claims Management Services. In addition, MMC Capital
provides services principally in connection with originating, structuring and
managing insurance, financial services and other industry-focused investments.

MARSH INC. Marsh serves clients with risk and insurance services in
more than 100 countries in all principal regions of the world where insurance
business is conducted. These clients are engaged in essentially all of the major
areas of manufacturing and services found in the world economy. Business clients
range from prominent worldwide corporations to mid-size and small businesses and
professional service organizations. Marsh's clientele also includes government
agencies, high-net-worth individuals, and individuals served through affinity
groups and employer-based programs.

The services provided by Marsh's operating units include the
identification, analysis, estimation, mitigation, financing and transfer of
risks that arise from client operations. These client risks relate to damage to
property, various liability exposures, and other factors that could result in
financial loss, including large and complex risks that require access to world
insurance and financial markets. Risks addressed go beyond traditional
property-liability areas to include a widening range of exposures. Examples of
these risks include employment practices liability, the launch and operation of
rockets and spacecraft, the development and operation of technology resources
(such as computers, communications networks and websites), the theft or loss of
intellectual property, copyright infringement, the remediation of environmental
pollution, exposures related to mergers and acquisitions, the interruption of
revenue streams derived from leasing and credit operations, political risks and
various other financial, strategic and operating exposures.

Marsh's subsidiaries provide a broad spectrum of services requiring
expertise in multiple disciplines: risk identification, estimation and
mitigation; conducting negotiations and placement transactions with the
worldwide insurance and capital markets; gaining knowledge of specific insurance
product lines and technical aspects of client operations, industries and fields
of business; actuarial analysis; and understanding the regulatory and legal
environments of various countries. Once client risks are identified, Marsh
provides advice on addressing those exposures, including structuring programs
for retaining, mitigating, financing, and transferring the risks in combinations
that vary according to the risk profiles, requirements and preferences of
clients. Specific professional functions provided in this process include
loss-control services, the placement of client risks with the worldwide
insurance and capital markets (risk transfer), the development of alternative
risk financing methods, establishment and management of specialized insurance
companies owned by clients ("captive insurance companies"); claims collection,
injury management, claims administration, and other insurance and risk related
services. In addition, financial solutions provided to clients include
asset-backed securitization, financial guarantees and other advanced techniques
for transferring risk into both the insurance and capital markets. Brokerage
services are also provided to unaffiliated brokers in certain areas.

Marsh operates principally through the offices of its subsidiaries and
affiliates in various countries around the world. In addition, correspondent
relationships are maintained with unaffiliated firms in certain countries.

Guy Carpenter, its subsidiaries and affiliates provide reinsurance
services to insurance and reinsurance companies and other risk assumption
entities. Acting mainly as a broker or intermediary on all classes of
reinsurance, Guy Carpenter principally addresses the property and
casualty lines. Guy Carpenter's reinsurance activities also include specialty
lines such as professional liability, medical malpractice, agriculture, marine,
accident & health, life & annuity, and alternative risk transfer. Guy
Carpenter's services include providing advice, placing coverages with
reinsurance markets, arranging risk-transfer financing with capital markets, and
furnishing related services such as actuarial, financial and regulatory
consulting, portfolio analysis, catastrophe modeling, claims and run-off
services. An insurance or reinsurance company client may seek reinsurance or
other risk-transfer financing on all or a portion of the risks it insures. Guy
Carpenter's offices are located principally in North and South America, Europe
and Asia Pacific.

Marsh's Affinity and Private Client Practices business unit provides
advice and program services to corporate and association clients globally and to
individual clients in the United States. Marsh's Affinity practice provides
associations with the design, marketing, and administration of a variety of
insurance-related products purchased by the association members. The Affinity
practice offers services and administration to corporations for employee
voluntary payroll deduction programs and insurance- and benefit-related
programs. Marsh's Private Client Services practice markets specialized risk and
insurance programs to high net worth individuals and family offices. Marsh's
Financial Services practice offers key-person and executive benefit programs, as
well as planning and wealth preservation solutions for affluent individuals.

Marsh provides underwriting management services to insurers in the
United States, Canada and the United Kingdom, primarily for professional
liability coverages. Marsh also provides wholesale broking services, consisting
of specialized placement services for affiliated and unaffiliated brokers, in
the United States and United Kingdom. These services are provided under various
names apart from Marsh.

Sedgwick Claims Management Services, a majority-owned subsidiary of
Marsh, is a leading provider of various claims and productivity management
solutions to North American clients. It provides various claims administration
and related services principally for workers' compensation, employers'
liability, general liability, automobile liability, and short and long term
disability claims.

MMC CAPITAL, INC. MMC Capital is a private equity firm that manages
investments and committed capital of more than $2 billion. MMC Capital invests
primarily in industries where MMC possesses specialized knowledge. During the
past ten years, MMC Capital has targeted investments in the insurance and
financial services industries as the investment manager of the Trident Funds,
which consist of The Trident Partnership formed in 1994, Trident II formed in
1999 and Trident III formed in 2003. Investors in these funds include MMC
Capital's corporate parent and third-party investors.

MMC Capital's investment activities date back to the mid 1980's when
MMC was instrumental in sponsoring several Bermuda-based insurance and
reinsurance companies, including ACE Limited, XL Capital Ltd., Centre
Reinsurance Holdings Limited and Mid Ocean Limited. More recently, MMC Capital
helped to develop an additional source of insurance and
reinsurance capacity after the September 11, 2001 terrorist attacks through the
formation of AXIS Capital Holdings Limited.

As a result of the foregoing activities, subsidiaries and affiliates of
MMC may have direct or indirect investments in insurance and reinsurance
companies, including entities at Lloyd's, which are considered for client
placements by MMC's insurance and reinsurance brokerage businesses.

Insurance Brokers in the Directory

Aon

Arthur J. Gallagher

Marsh & McLennan

Willis Group