Exhibit 12.1

Marsh & McLennan Companies, Inc. and Subsidiaries

Ratio of Earnings to Fixed Charges

(In millions, except ratios)

	Nine Months Ended September 30, 2007 (Unaudited)		Years Ended December 31,
			2006		2005		2004		2003		2002
Earnings
Income before income taxes and minority interest	$	707	$	912	$	302	$	283	$	1,771	$	1,520
Interest expense		211		303		332		219		185		160
Portion of rents representative of the interest factor		137		170		149		153		141		119
	$	1,055	$	1,385	$	783	$	655	$	2,097	$	1,799
Fixed Charges
Interest expense	$	211	$	303	$	332	$	219	$	185	$	160
Portion of rents representative of the interest factor		137		170		149		153		141		119
	$	348	$	473	$	481	$	372	$	326	$	279
Ratio of Earnings to Fixed Charges		3.0		2.9		1.6		1.8		6.4		6.5