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MMC Issues Statement Regarding New York Insurance Proposal

February 5, 2009 at 11:41 AM EST

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NEW YORK, Feb 05, 2009 (BUSINESS WIRE) -- Marsh & McLennan Companies, Inc. (MMC) today issued the following statement regarding a New York State Insurance Department proposal on insurance producer compensation.

"We fully support Superintendent Dinallo's efforts to create a level playing field," said Brian Duperreault, President and CEO of MMC. "We look forward to continuing to work closely with the New York authorities to establish an equitable regulatory landscape that serves the interests of all clients."

MMC is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital. It is the parent company of a number of the world's leading risk experts and specialty consultants, including Marsh, the insurance broker and risk advisor; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of HR and related financial advice and services; Oliver Wyman, the management consultancy; and Kroll, the risk consulting firm. With more than 55,000 employees worldwide and annual revenue exceeding $11 billion, MMC provides analysis, advice and transactional capabilities to clients in more than 100 countries. Its stock (ticker symbol: MMC) is listed on the New York, Chicago, and London stock exchanges. MMC's website address is www.mmc.com.

SOURCE: Marsh & McLennan Companies, Inc.

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