EX-21 12 a2041744zex-21.txt EXHIBIT 21 Exhibit 21
SUBSIDIARIES OF MARSH & MCLENNAN COMPANIES, INC. A. Constantinidi & CIA. S.C. Uruguay ACE Inc British Virgin Islands Administradora de Inmuebles Fin, S.A. de C.V. Mexico Admiral Ireland Limited Ireland Admiral Underwriting Agencies (Ireland) Ltd. Ireland Admiral Underwriting Agencies Limited England Admirals Limited England Advantage Independent Limited England Advantage Insurance Services UK Limited England AFCO Premium Acceptance Inc. California AFCO Premium Credit LLC Delaware Affinity Groups Advantage Limited England Albert Willcox & Co. of Canada Ltd. Canada Aldgate Insurance Brokers (Marine) Limited England Aldgate Investments Limited Bermuda Aldgate US Investments England All Asia Sedgwick Insurance Brokers Corporation Philippines Allied Medical Assurance Services Limited England Al-Nisr Insurance Co. SAL Lebanon Amamit Insurance Agency (1995) Ltd. Israel American Overseas Management Corporation (Canada) Canada Americas Insurance Services Limited Scotland Am-Grip, Inc. Louisiana Ancien Cabinet Pierre de Kerpezdron (S.A.) France Antah Sedgwick Insurance Brokers Sdn. Bhd. Malaysia Anthony Lumsden & Company Limited England Anthony Lumsden Group Limited England Appleby & Sterling Agency, Inc. Delaware APRIMAN, Inc. California Arab Commercial Enterprises (Bahrain) Limited Bahrain Arab Commercial Enterprises (KWT) Kuwait Arab Commercial Enterprises (Qatar) Limited Qatar Arab Japanese Insurance Company Limited EC Bahrain ARC Sud Ouest SA France Assivalo Comercial E Representacoes Ltda.B Brazil Assurances Maritimes Eyssautier Malatier Inter SARL France Assurconseils Cecar & Jutheau Senegal Assureur Conseil de Djibouti- Faugere & Jutheau et Cie SARL Djibouti Assureurs Conseils Tchadiens (S.A.R.L.) Chad Astramar S.A. France - 1 - Australian Commercial Insurance Agencies Limited Australia Australian World Underwriters Pty Ltd. Australia Aviation Risk Management Services Limited England Avongrove Limited England Ayba SA Argentina Ayling Marsh SA Argentina B.K. Thomas & Partners (General) Limited England B.K. Thomas & Partners Limited England Baffin Trading Company Ltd. Canada Balis & Co., Inc. Pennsylvania Bargheon US LLC Delaware Bau Asserkuranz Vermittlungs GmbH Germany Beneficios Columbia Bennich Reinsurance Management AB Sweden Bevington Vaizey & Foster Limited England Blackwood Scott & Company Limited Scotland Bland Payne (South Aust.) Pty Limited Australia Bland Welch & Co Limited England Bland Welch (France) SA France Boistel Eyssautier S.A. France Boistel S.A. France Bonnor Draudimo Brokers UAB Lithuania BonnorA/S Denmark Border Insurance Services, Inc. California Bowring (No.2) Limited England Bowring Marine Limited England Bowring Reinsurance Brokers Limited England Bowring Risk Management Limited England Brockman y Schuh Marsh & McLennan Agente de Seguros y de Fianzas, S.A. de C.V. Mexico BRW Insurance & Financial Services Limited Ireland BRW Insurance Brokers Limited Ireland BRW Pension & Financial Consultants Limited Ireland Bureau Gogioso Eyssautier S.A. France ByS Servicios Especiales, Agente de Seguros, S.A. de C.V. Mexico Bysap Servicios Administrativos, 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 (s) Limited England Cabinet Billet et Cie SA France California Insurance Services Inc. California Capatho AB Sweden Caribbean Marine Associates, Inc. Florida Carpenter Bowring (UK) Limited England Carter Brito Limited England - 2 - Casualty Insurance Company Services, Inc. California CBH Limited England Cecar & Jutheau, S.A. France Cecar Assurances & Finances France Cecar Austria Austria Cecar Brasil Brazil Cecar Deutschland Germany Cecar Inchcape Asia Hong Kong Cecar PRB France Cecar Reassurances France Cecar Tunisie Tunisia Chancery Eastcheap Limited England Charbonneau, Dulude & Associes (1985) Limitee/Charbonneau, Canada Cires SARL France Claims, Inc Texas Claro Marsh & McLennan Consultores en Recursos Humanos, Ltda. Chile Cofast SA France Colbituach Insurance Agency Israel Combined Performance Measurement Services Limited Ireland Compagnie Europeenne De Courtage d'Assurances et de Reassurances France Compensacion Tecnica Consultores, S.A. de C.V. Mexico 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 Consultants en Assurance,Prevoyance, Assistance France Consultores en Garantias, S.A. de C.V. Mexico Corporate Pensions & Financial Services Limited Scotland Corporate Research Group (UK) Ltd. United Kingdom Corporate Resources Group (s) Ltd. British Virgin Islands Corporate Risk Limited Scotland Corredores Internacionales de Reaseguros S.A. Mexico Countryside, Inc Tennessee CRG (India) Private Ltd. India CRG (Israel) Ltd. Israel CRG (Singapore) PTE Singapore CRG (Thai) Ltd. Thailand CRG (Thailand) Ltd. Thailand CRG A/S Denmark CRG Argentina SA Argentina CRG Finland OY Finland CRG Holdings, Inc. Philippines CRG HR SDN BHD Malaysia CRG Iberica, SL Spain CRG Japan Co. Ltd. Japan - 3 - CRG Ltd. Hong Kong CRG S.A. Switzerland CRG Sverige AB Sweden Crown Court Trust Limited England Cruiselook Limited England 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 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 Cullen Egan Dell (NZ) Limited New Zealand Cumberland Brokerage Limited Bermuda CVA Consultants, Inc. Nevada D.G. Watt & Associates Ltd. Canada Decision Research Corporation Massachusetts DeLima Mercer Agencia de Seguros Ltda. Columbia DeLima Mercer Consultoria Ltda. Columbia Deutsche Post Assekuranz Vermittlungs GmbH Germany Digitsuper Limited England Don A. Harris & Associates, Inc. Nevada Dulude & Associates (1985) Limited Canada Duncan C. Fraser & Co. England E.W. Payne & Co. (Marine) Limited England E.W. Payne (U.K.) Limited England Elidov Insurance Agency (1991) Ltd. Israel Elysees Prevoyance Gestion France Employee Advantage Limited England Encon Holdings, Inc. Ontario Encon Holdings, Inc. Texas Encon Insurance Managers Inc. Canada Encon Management Services, Inc. Canada Encon Reinsurance Managers Inc. Canada Encon Title Insurance Managers Inc. Canada - 4 - Encon Underwriting Agency, Inc. Texas Encon Underwriting Limited England Energie Courtage S.A. France 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 Euings (London) Limited England Exmoor Management Company Limited Bermuda Eyssautier Flepp Malatier & Pages S.A. France Faugere & Jutheau Bermuda Bermuda Fenchurch Insurance Brokers Pty. Limited Australia Fernando Mesquida y Asociados SA Argentina Flexifund Limited England FMV - Flughafen Munchen Versicherungsvermittlungsgesellschaft mbH Germany Forum Loewenthal Elementary Insurance Agency (1997) Ltd. Israel Foster Higgins (Far East) Limited Hong Kong Franchelli & Louvet S.A. France Franchelli & Louvet Services France G. E. Freeman Insurance Agency Limited Ontario Gaelarachas Teoranta Ireland Galbraith & Green, Inc of Ohio Ohio Gatier S.A. Switzerland Gem Insurance Company Limited Bermuda Geological Information Systems Limited England Gold Line Life Insurance Agency (1997) Ltd. Israel Gradmann & Holler AG Switzerland Gradmann & Holler GbR Germany Grupo Assistencial De Economia E Financas Tudor S/C Ltda. Brazil Grupo Internacional de Reaseguro Intermediario de Reaseguro, S.A. de C.V. Mexico Grupo Medicos, S.A. de C.V. Mexico Guy Bergeron & Associes Inc. Canada Guy Carpenter & Cia, S.A. Spain Guy Carpenter & Co. Labuan Ltd. Malaysia Guy Carpenter & Company Spain Guy Carpenter & Company (Asia) Limited Hong Kong Guy Carpenter & Company (Canada) Limited Canada Guy Carpenter & Company (Stockholm) AB Sweden Guy Carpenter & Company BV Netherlands Guy Carpenter & Company GmbH Germany Guy Carpenter & Company Limited England - 5 - Guy Carpenter & Company Limited Ireland Guy Carpenter & Company Ltda. Brazil Guy Carpenter & Company Peru Corredores de Reaseguros S.A. Peru Guy Carpenter & Company Private Limited (GC) Singapore Guy Carpenter & Company Pty. Limited Australia Guy Carpenter & Company S.r.l. Italy Guy Carpenter & Company, Inc. Delaware Guy Carpenter & Company, Inc. of Pennsylvania Pennsylvania Guy Carpenter & Company, Ltda. Brazil Guy Carpenter & Company, S.A. Argentina Guy Carpenter & Company, S.A. Belgium Guy Carpenter (Pty) Limited South Africa Guy Carpenter (U.K.) Ltd. England Guy Carpenter Advisors, Inc. Delaware Guy Carpenter Broking, Inc. Delaware Guy Carpenter Facultative Pty. Ltd. Australia Guy Carpenter Facultatives S.A. France Guy Carpenter Insurance Strategy, Inc. Delaware Guy Carpenter Italia, S.R.L. Italy Guy Carpenter Reinmex Intermediario de Reaseguros, S.A. De C.V. Mexico Guy Carpenter Reinsurance Brokers Philippines, Inc. Philippines Guy Carpenter y Cia (Mexico) S.A. de C.V. Mexico Hansen International Limited Delaware Healthcare Agencies Limited England Healthcare Risk Management Services, Inc. Washington Henry Ward Johnson & Company Insurance Services, Inc. California Hobson, Allfrey & Wheeler England IMC (Turks & Caicos) Limited Cayman Islands Incorporated Names Advisers Limited England Insbrokers Ltda. Uruguay Insurance Brokers of Nigeria Ltd. Nigeria Insurance Management Services Limited Ireland Intermediary Systems Limited England International Insurance Brokers Inc (Kuwait) Kuwait Inter-Ocean Management (Cayman) Limited Cayman Islands Inverbys, S.A. de C.V. Mexico Invercol Ltd. Bermuda Inversiones Orquidea, S.A. Colombia IPT Actuarial Services Limited Ireland Irish & Maulson Limited Ontario Irish Pension Trustees Limited Ireland Irish Pensions Trust Limited Ireland Ivoiriennes Assurances Conseil Ivory Coast J&H Aviation Plc United Kingdom - 6 - J&H Bowring (Bermuda) Investments Ltd. Bermuda J&H Global Risk Management Consultancy Limited England J&H Interests New York J&H Intermediaries (Barbados) Limited Barbados J&H Marsh & McLennan (Cayman Islands) Ltd. Cayman Islands J&H Marsh & McLennan (UK) Limited England J&H Marsh & McLennan Financial Services International Ltd. Bermuda J&H Marsh & McLennan Financial Services, Inc. Indiana J&H Marsh & McLennan Intermediaries of Washington, Inc. Washington J&H Marsh & McLennan International, Inc. Wisconsin J&H Marsh & McLennan Kazakhstan LLP Kazakhstan J&H Marsh & McLennan Ltd. Canada J&H Marsh & McLennan Management (UK) Limited England J&H Marsh & McLennan Management (USVI) Ltd. Virgin Islands J&H Marsh & McLennan Management, Inc. New York J&H Marsh & McLennan Managment (Barbados) Limited Barbados J&H Marsh & McLennan Private Client Services, Inc. Delaware J&H Marsh & McLennan Pty. Ltd. Australia J&H Marsh & McLennan Sigorta ve Reasurans Brokerligi A.S. Turkey J&H Marsh & McLennan, Inc. Texas J&H Unison Holdings B.V. Netherlands James Wigham Poland International Limited England Jay R. Corp. New York JHM Holdings, Inc. New York Johnson & Higgins (Peru) S.A. Corredores De Seguro Peru Johnson & Higgins (Uruguay) Inc. Uruguay Johnson & Higgins (USVI) Ltd. Virgin Islands Johnson & Higgins Agency of Korea, Ltd. Korea Johnson & Higgins Consulting (Far East) Ltd. Hong Kong Johnson & Higgins Corretores De Seguros Ltda. Brazil Johnson & Higgins Holdings Limited England Johnson & Higgins Intermediaries (Cayman) Ltd. Cayman Islands Johnson & Higgins Ireland Limited Ireland Johnson & Higgins Limited England Johnson & Higgins Luxembourg, S.A. Luxembourg Johnson & Higgins Managment Services, Ltd. Bermuda Johnson & Higgins Mediservice - Administradora De Planos De Saude Ltda. Brazil Johnson & Higgins of (Cayman Islands) Ltd. Cayman Islands Johnson & Higgins of (Chile) Limitada Chile Johnson & Higgins Securities, Inc. Montana Johnson & Higgins UK Limited England Johnson & Higgins W.F. Ltd. Canada Johnson & Higgins Willis Faber (U.S.A.) Inc. New York Johnson & Higgins Willis Faber Holdings, Inc. New York Johnson & Higgins(Bermuda) Limited Bermuda - 7 - JWP Overseas Holdings Limited England Kessler & Co Switzerland Lamarre, Caty, Houle Ltee Quebec LAR/Decision Research Corporation New York 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 Lloyd George Insurance Services Limited England Lynch Insurance Brokers Limited Barbados M&M Insurance Management Canada Ltd. British Columbia M&M Vehicle, L.P. Delaware M. A. Gesner of Illinois, Inc. Illinois M.B. Fitzpatrick Limited Ireland Mactras (Bermuda) Limited Bermuda Marclen Holdings, Inc. Delaware Marclen LLC Delaware Marine Risk Management Services Limited England Mariners Insurance Agency, Inc. Massachusetts Maritime Adjusters, Inc. Massachusetts Marketing/Innovation/Development pour l'industrie-MID, S.A. France Marsh - Insurance Brokers ZAO Russia Marsh & Co. S.p.A. Italy Marsh & McLennan (PNG) Limited Papua New Guinea Marsh & McLennan (SA) Pty. Ltd. Australia Marsh & McLennan (SASK) Ltd. Saskatchewan Marsh & McLennan (Singapore) Pte Ltd Singapore Marsh & McLennan (WA Division) Pty. Ltd. Australia Marsh & McLennan (WA) Pty. Ltd. Australia Marsh & McLennan Agencies Pty. Ltd. Australia Marsh & McLennan Agency, Incorporated Columbia Marsh & McLennan Argentina SA Risk Management Consultants Argentina Marsh & McLennan Co. Inc. Liberia Marsh & McLennan Companies UK Limited England Marsh & McLennan Estonia Limited Estonia Marsh & McLennan Financial Insurance Services of Massachusetts, Inc. Massachusetts Marsh & McLennan Financial Markets, Inc. Delaware Marsh & McLennan Financial Services of Texas, Inc. Texas Marsh & McLennan Finland Oy Finland Marsh & McLennan FINPRO Limited England Marsh & McLennan GbR Holdings, Inc. Delaware Marsh & McLennan Global Broking (Dublin) Ltd. Ireland Marsh & McLennan GP I, Inc. Delaware Marsh & McLennan GP II, Inc. Delaware Marsh & McLennan Holdings GmbH Germany - 8 - Marsh & McLennan Holdings Limited England Marsh & McLennan Holdings, Inc. Delaware Marsh & McLennan Limited Hong Kong Marsh & McLennan LP II, Inc. Delaware Marsh & McLennan Management Services (Barbados), Ltd. Barbados Marsh & McLennan Management Services (Bermuda) Limited Bermuda Marsh & McLennan Management Services (Dublin) Limited Ireland Marsh & McLennan Management Services (Guernsey) Limited Guernsey Marsh & McLennan Management Services (L) Ltd. Labuan Marsh & McLennan Nederland B.V. Netherlands 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, Incorporated Virgin Islands Marsh (Charities Fund) Limited England Marsh (Insurance Services) Limited England Marsh (Isle of Man) Limited Isle of Man Marsh (Middle East) Limited England Marsh (Namibia) (Proprietary) Limited Namibia Marsh (Pty) Limited Botswana Marsh (South Africa) (Proprietary) Limited South Africa Marsh A/S Denmark Marsh AB Sweden Marsh AG Switzerland Marsh Argentina SA Argentina Marsh Asia Pacific Management Pty. Ltd. Australia Marsh Austria G.m.b.H. Austria Marsh B.V. Netherlands Marsh Canada Limited Canada Marsh CISO Limited England Marsh Claims Management Services (Canada) Limited Canada Marsh Commercial Insurance Agencies Pty Ltd. Australia Marsh Corporate Services Limited England Marsh Corretora de Seguros Ltda. Brazil Marsh d.o.o. za posredovanje u osiguranju Croatia Marsh Eurofinance BV Netherlands Marsh Europe S.A. Belgium Marsh Financial Insurance Services of Massachusetts, Inc. Massachusetts Marsh Financial Services (Guernsey) Limited Guernsey - 9 - Marsh Financial Services (Jersey) Limited Jersey Marsh Financial Services Limited England Marsh Financial Services Limited (Ireland) Ireland Marsh Financial Services of Texas, Inc. Texas Marsh Financial Services, Inc. New York Marsh Forsakringsmaklare AB Sweden Marsh Georgia Limited England Marsh Global Broking (Bermuda) Ltd. Bermuda 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 Marsh GmbH Germany Marsh Holdings (Proprietary) Limited South Africa Marsh Holdings BV Netherlands Marsh Holdings Limited England Marsh Inc. Delaware Marsh Insurance & Investments Corp. Delaware Marsh Insurance Brokers Limited England Marsh Intermediaries of Washington, Inc. Washington Marsh Intermediaries, Inc. New York Marsh International Broking Holdings Limited England Marsh International Holdings II, Inc. Delaware Marsh International Holdings, Inc. Delaware Marsh International Limited England Marsh Ireland Holdings Limited Ireland Marsh Ireland Limited Ireland Marsh Israel (1999) Ltd. Israel Marsh Israel (s) Ltd. Israel Marsh Israel Consultants Ltd. Israel Marsh Israel Insurance Agency Ltd. Israel Marsh Israel International Brokers Ltd. Israel Marsh Israel Life and Pension Insurance Agency Ltd. Israel Marsh Japan, Inc. Japan Marsh Kft. Hungary Marsh Limited England Marsh Limited (Fiji) Fiji Marsh Limited (New Zealand) New Zealand Marsh Link Limited England Marsh LLC Insurance Brokers Greece Marsh LLP Kazakhstan Marsh Ltd. Wisconsin Marsh Luxembourg SA Luxembourg Marsh Management Services (Guernsey) Limited Guernsey - 10 - Marsh Management Services Inc. New York Marsh Management Services Isle of Man Limited Isle of Man Marsh Management Services Jersey Limited Jersey Marsh Management Services Luxembourg SA Luxembourg Marsh Marine & Energy AB Sweden Marsh Marine & Energy AS Norway Marsh Marine & Energy Limited England Marsh Mercer Investment Trustee Limited England Marsh Mercer Pension Fund Trustee Limited England Marsh Norway AS Norway Marsh Oy Finland Marsh Peru SA Peru Marsh Philippines, Inc. Philippines Marsh Privat AIE Spain Marsh Properties & Services Limited England Marsh Pty. Ltd. Australia Marsh Risk Consulting BV Netherlands Marsh Risk Consulting SA Argentina Marsh Risk Consulting Services S.r.L. Italy Marsh S.A. (France) France Marsh S.A. Corredores De Seguros Chile Marsh S.A. Mediadores de Seguros Spain Marsh S.p.A. Italy Marsh S.R.L. Romania Marsh s.r.o. Czech Republic Marsh s.r.o. Slovakia Marsh SA (Luxembourg) Luxembourg Marsh San Sigorta Ve Reasurans Brokerligi A.S. Turkey Marsh Space Projects Limited England Marsh Spolka z.o.o. Poland Marsh Treasury Services Limited England Marsh Tunisia Tunisia Marsh UK Group Limited England Marsh UK Limited England Marsh Ukraine Limited England Marsh USA Agency Inc. Texas Marsh USA Benefits Inc. 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 Marsh USA Inc. (Idaho) Idaho Marsh USA Inc. (Illinois) Illinois Marsh USA Inc. (Indiana) Indiana Marsh USA Inc. (Kentucky) Kentucky - 11 - 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. (Puerto Rico) Puerto Rico 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 Venezuela C.A. Venezuela Marsh Vitsan Sigorta Ve Reasurans Brokerligi A.S. Turkey Marsh, Lda. Portugal Marsh. Belgium Marsh-Assureurs Conseils Tchadiens SARL Chad Marshcan Insurance Brokers Limited Canada Matchgrange Holdings Limited England Matchgrange Limited England Mathews Mulcahy & Sutherland Ltd. Ireland Matthiessen Assurans AB Sweden Matthiessen Reinsurance Ltd AB Sweden Mearbridge LLC Delaware Media Reinsurance Corporation Barbados Medisur SA France Medisure Affinity Services Limited England Medisure Corporate Services Limited England Medisure Marketing and Management Limited England Medisure, Seabury & Smith Limited England Mees & Zoonen Argentina SA Argentina Members Insurance Club Agency, Inc. Louisiana Members Insurance Club Agency, Inc. Ohio Mercer AS Norway Mercer Australia Limited Australia Mercer C & B S.A. de C.V. Mexico Mercer C & B Servicios, S.A. de C.V. Mexico Mercer Consulting Group Verwaltungs GmbH Germany Mercer Consulting Group, Inc. Delaware Mercer Consulting Services S.A. Switzerland Mercer Limited Ireland Mercer Management Consulting AG Switzerland Mercer Management Consulting Dr. Seebauer GmbH & Co. KG Germany - 12 - Mercer Management Consulting GmbH Germany Mercer Management Consulting Group AG Switzerland 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 MW Corredore de Seguro Brazil Mercer MW Ltda. Brazil Mercer R.H. SARL France Mercer SA France Mercer Trustees Limited England Mercer Trustees Limited Ireland Mercer-Faugere & Jutheau SA France Microsafe Limited England MMC BANCORP Massachusetts MMC Capital, Inc. Delaware MMC Enterprise Risk (UK) Limited England MMC Enterprise Risk Consulting, Inc. Delaware MMC Enterprise Risk Products Limited England MMC Enterprise Risk Services Limited England MMC Enterprise Risk, Inc. Delaware MMC France France MMC Realty, Inc. New York MMRC LLC Delaware MMRCH LLC Delaware MMSC Holdings, Inc. Delaware MMSC Risk Advisors, Inc. Delaware MMSC Structured Risk Services, Inc. Delaware Monalsa Assessoria Economico Financiera Ltda Brazil MPA (International) Limited England MPA Superannuation Services Limited Australia MPA Superfund Nominees Pty. Limited Australia Muir Beddall (Zimbabwe) Limited Zimbabwe MVM Versicherungsberatungs Gesellschaft m.b.H. Austria MVM Versicherungsmakler AG Switzerland National Economic Research Associates, Inc. (California) California National Economic Research Associates, Inc. (Delaware) Delaware National Medical Audit California NERA do Brasil Ltda. Brazil NERA UK Limited England Neuburger Noble Lowndes GmbH Germany New, S.A. Peru - 13 - Niu Marsh Limited Papua New Guinea NKK-Putnam Management, S.A. Luxembourg Noble Lowndes Pensions Limited England Noble Lowndes Personal Financial Services Limited England Normandy Reinsurance Company Limited Bermuda OCR Ltd. Australia Office des Assures France Omega Indemnity (Bermuda) Limited Bermuda Omnium d'Assurances Maritimes France Organizacion Brockman y Schuh, S.A. de C.V. Mexico Overseas Reinsurance Corporation Limited Bermuda P.I.C. Advisory Services Limited Ireland P.T. Marsh Indonesia Pacific Marine Associates, Inc. California Pallas Gradmann & Holler do Brasil Corretores de Seguros Ltda. Brazil Pan Agora Asset Management Delaware Pan Agora Asset Management, Ltd. England Panhandle Insurance Agency, Inc. Texas Paul Napolitan, Inc. Delaware Payment Protection Services Limited Ireland Penguin Investments (Pty) Limited Botswana Pension Trustees Limited England Pensioneer Trustees (Leeds) Limited England Pensioneer Trustees (London) Limited England Pensioneer Trustees Limited England Peter Smart Associates Limited England PFT Limited England Philadelphia Insurance Management Company Delaware PI Financial Risk Services (Pty) Limited South Africa PII Holding, Inc. Massachusetts Pratte-Morrissette, Inc. Quebec Prevoyance Retraite International Management France Price Forbes Australia Limited Australia Price Forbes Limited England PRIESTIM SCI France Primary Funds Service Corp. Delaware Professional Indemnity Re, Ltd. Bermuda Professional Risk Consultants (Proprietary) Limited South Africa Professional Risk Services (Proprietary) Limited South Africa PT C.R.G. Indonesia Putnam Aviation Holdings, LLC Delaware Putnam Capital, LLC Delaware Putnam Fiduciary Trust Company Massachusetts Putnam FuturesAdvisors, Inc. Massachusetts Putnam International Advisory Company, S.A. Luxembourg Putnam International Distributors, Ltd. Cayman Islands - 14 - Putnam International Growth Management S.A. Luxembourg Putnam Investment Holdings, LLC Delaware Putnam Investment Management, LLC Delaware Putnam Investments Argentina, S.A. Argentina Putnam Investments Limited (Ireland) Ireland Putnam Investments Limited (UK) England Putnam Investments Trust Massachusetts Putnam Investments, LLC Delaware Putnam Investor Services, Inc. Massachusetts Putnam Overseas Institutional Management Company Ltd. Bahamas Putnam Retail Management, Inc. 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 RAS Administration Services (Pty) Limited South Africa Ratio SARL France Reclaim Limited England Regis Agencies Limited England 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. United States of America Reinsurances (Pacific) Ltd. Fiji Reinsurances New Zealand Ltd. New Zealand Reitmulders & Partners B.V. Netherlands ReSolutions International Limited England Resolutions International Limited (Delaware) Delaware Retach Corporation Delaware RG Serv. Philippines Inc. Philippines Rhone Limited England RIC Management Services Ltd. Ireland Richard Sparrow and Company (International Non Marine) Limited England Richard Sparrow and Company Limited England Richard Sparrow Holdings Limited England Risk Management Ltd. New Zealand River Thames Insurance Company Limited England Rivers Group Limited England RMB-Risk Management Beratungs-GmbH Germany Rosh Insurance Agency (1990) Ltd. Israel Ross Collins Holdings Limited England Route 413 Associates, Inc. Pennsylvania S.J. Petrakis Insurance Services, Inc California S.P.K. Bowring Marsh & McLennan Sdn. Bhd. Malaysia SAFCAR Cecar & Jutheau Mali - 15 - Saudi Arabian Insurance Company EC Bahrain Saudi Arabian Insurance Company Limited Bermuda SBI Reinsurance Company, Ltd. Bermuda Schatz Insurance Agencies, Inc. Saskatchewan SCIB (Bermuda) Limited Bermuda SCMS Administrative Services, Inc. Illinois Seabury & Smith Agency, Inc. Ohio Seabury & Smith Group Limited England Seabury & Smith Limited Ontario Seabury & Smith Limited England Seabury & Smith of Arkansas, Inc. Arkansas Seabury & Smith of Georgia, Inc. Georgia 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. (Kentucky) Kentucky 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 (Continental) SA Switzerland Sedgwick (Deutschland) GmbH Germany Sedgwick (Fiji) Limited Fiji Sedgwick (Isle of Man) Limited Isle of Man Sedgwick (PNG) Limited Papua New Guinea Sedgwick (s) Pty. Limited Australia Sedgwick a.s. Czech Republic Sedgwick Affinity Group Services Limited England Sedgwick Africa Holdings (Proprietary) Limited South Africa Sedgwick Agency Services Limited England Sedgwick Alpha Limited England Sedgwick Analysis Services Limited England Sedgwick Asia Pacific Limited Australia Sedgwick Asia Pacific Pte Ltd Singapore Sedgwick Aviation Limited England Sedgwick Azeri Limited England Sedgwick Bahrain WLL Bahrain Sedgwick Bankrisk Limited England Sedgwick Benefits, Inc. Utah Sedgwick Bergvall Holdings AS Norway - 16 - Sedgwick Bergvall Inc. USA Sedgwick Brimex (Guernsey) Limited Guernsey Sedgwick Brimex Romania SRL Romania Sedgwick Claims Management Services Limited Ireland Sedgwick Claims Management Services, Inc. Illinois Sedgwick CMS Holding, Inc. Delaware Sedgwick Computer & Network Service Company Limited England Sedgwick Construction Asia Limited Hong Kong Sedgwick Consulting GmbH Germany Sedgwick Consulting Group Limited England Sedgwick Corporate and Employee Benefits Limited Australia Sedgwick Corporate Services Limited Isle of Man Sedgwick Corporate Services Limited England Sedgwick Credit Europe Limited England Sedgwick Credit Limited England Sedgwick Delta Limited England 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 Eta Limited England Sedgwick Europe Benefit Consultants BV Netherlands Sedgwick Europe Risk Services Limited England Sedgwick Europe Risk Solutions Limited England Sedgwick Far East Limited England Sedgwick Financial Services (Deutschland) GmbH Germany Sedgwick Financial Services, Inc Delaware Sedgwick Forbes Middle East Limited Bermuda Sedgwick Forbes Middle East Limited Jersey Sedgwick France SA France Sedgwick Gamma Limited England Sedgwick Global Limited England Sedgwick Global Reinsurance Services Limited England Sedgwick GmbH & Co Germany Sedgwick Group (Australia) Pty. Limited Australia Sedgwick Group (Bermuda) Limited Bermuda Sedgwick Group (Netherlands) BV Netherlands Sedgwick Group (NZ) Limited New Zealand Sedgwick Group (Zimbabwe) Limited Zimbabwe - 17 - Sedgwick Group Canada 1997 Inc. Canada Sedgwick Group Development Limited England Sedgwick Group Limited England Sedgwick Group Nominees Limited England Sedgwick Group Overseas Management Services Limited Bermuda Sedgwick Group Pension Scheme Trustee Limited England Sedgwick Holdings (Private) Limited Zimbabwe Sedgwick Insurance Agencies Pty Limited Australia Sedgwick Insurance and Risk Management Consultants (China) Co, Ltd People's Rep. of China Sedgwick Insurance Brokers (Private) Limited Zimbabwe 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 Investments, Inc. Delaware Sedgwick James of Puerto Rico, Inc. Puerto Rico Sedgwick Japan Limited England Sedgwick Kazakhstan Limited England Sedgwick Kenya Insurance Brokers Limited Kenya Sedgwick Korea Limited Korea Sedgwick Lamda Limited England Sedgwick Lark Limited England Sedgwick Life and Benefits, Inc. Texas Sedgwick Limited England Sedgwick Ltd. New Zealand Sedgwick Ltd. Hong Kong Sedgwick Ltd. Australia Sedgwick Ltd. Taiwan 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 (Curacao) N.V. Netherlands Antilles Sedgwick Management Services (Guernsey) Limited Guernsey Sedgwick Management Services (Ireland) Limited 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 Nobel Lowndes B.V. Netherlands Sedgwick Noble Lowndes (Europe) Limited England Sedgwick Noble Lowndes (NZ) Ltd. New Zealand Sedgwick Noble Lowndes Actuarial Limited Australia - 18 - Sedgwick Noble Lowndes Actuarial Services Limited England Sedgwick Noble Lowndes Asia Pacific Limited Australia Sedgwick Noble Lowndes Conseil SA France Sedgwick Noble Lowndes GmbH Germany Sedgwick Noble Lowndes Limited Hong Kong Sedgwick Noble Lowndes Limited (Ireland) Ireland Sedgwick Noble Lowndes North America, Inc. Delaware Sedgwick Northern Ireland Risk Services Limited Northern Ireland Sedgwick Omega Limited England Sedgwick OS Limited England Sedgwick Outsourcing Services Limited England Sedgwick Overseas Group Limited England Sedgwick Overseas Investments Limited England Sedgwick Overseas Limited England Sedgwick Oy Finland 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 Limited New Zealand Sedgwick Reinsurance Brokers Limited England Sedgwick Reinsurance Services Limited England Sedgwick Risk Consulting Limited Ireland Sedgwick Risk Management and Consultancy (Private) Limited Zimbabwe Sedgwick Risk Services AB Sweden Sedgwick Russia Limited England Sedgwick S.A. France Sedgwick Slovakia a.s. Slovakia Sedgwick Special Risks Limited England Sedgwick Superannuation Pty Limited Australia Sedgwick Sweden Aktiebolag Sweden Sedgwick Thai Limited Thailand Sedgwick Theta Limited England Sedgwick Turkey Limited England Sedgwick UK Risk Services Limited England Sedgwick Venezuela Corredores de Reaseguros, C.A. Venezuela Sedgwick Verwaltungs-GmbH Germany Sedgwick Wiggmoore Communications Limited England Sedgwick Zeta Limited England SedgwickA/S Denmark Sellon Associates, Inc. New York Sepakat James Insurance Brokers Sdn Bhd Malaysia Sersur Brazil Servicios Actuariales Guatemala, S.A. Guatemala Servicios Actuariales, S.A. de C.V. Mexico SG Services Limited England - 19 - Shariffuddin-Sedgwick (B) Sdn Bhd Brunei Darussalam Shipowners of Claims Bureau, Inc. New York SIMS Nominees Limited England Smith-Sternau Organization, Inc. Delaware SNC P. Deleplanque France Societe Bargheon France Societe Conseil Mercer Limitee Quebec Societe d'Assistance a la Gestion et a L'Ingeniere des Risques France Societe d'Assurances et de Participations Guian S.A. France Societe d'Etude et de Gestion et de Conseil en Assurance SA Senegal Societe Francaise de Courtage d'Assurance de Risques Petroliers et d'Energie France Societe Internationale de Courtage d'Assurances et de Reassurances Cecar & Jutheau Burkina Faso Socodel-Paris S.A. France Sogescor SARL France Southampton Place Trustee Co. Ltd. England Southern Marine & Aviation Underwriters, Inc. Louisiana Southern Marine & Aviation, Inc. Louisiana Stevton (No.140) Limited England Sudzucker Versicherungs-Vermittlungs GmbH Germany Sumitomo Marine Claims Services (Europe) Limited England Sundance B.V. Netherlands Superfund Nominees Pty. Ltd. Australia Syndicate and Corporate Management Services Limited Bermuda T.I.E. Systems Limited England Tamir Insurance Company Ltd. Israel Technical Insurance Management Services Pty Limited Australia Terra Nova (Bermuda) Holdings Ltd. Bermuda TH Lee Putnam Equity Managers Trust Massachusetts The ARC Group LLC Delaware The Carpenter Management Corporation Delaware The Financial & Insurance Advice Centre Limited England The International Employer Limited England The Marsh Centre Limited England The Putnam Advisory Company, LLC Delaware The Schinnerer Group, Inc. Delaware The Sedgwick Information Exchange Limited England The Sumitomo Marine & Fire Insurance Company (Europe) Limited England Tmura Loewenthal Ltd. Israel Tower Hill Holdings B.V. Netherlands Tower Hill Limited England Tower Hill Property Company Limited England Tower Place Developments Limited England Tower Place Holdings Limited England Transbrasil Ltda. Brazil Transglobe (Guernsey) Limited Guernsey Transglobe Management (Bermuda) Ltd. Bermuda - 20 - Travelgold Mexico, S.A. de C.V. Mexico Triad Services, Inc. Delaware Triad Underwriting Management Agency, Inc. Delaware Tudor, Marsh & McLennan Corretores de Seguros Ltda. Brazil UBM Consulting France International Management Consultants France UBM Consultoria Internacional S/C Ltda. Brazil Ulster Insurance Services Limited Northern Ireland Union Francaise de Reassurances (S.A.) France Uniservice Insurance Service Limited Bermuda Unison Insurance Services Limited England Unison Management (Bermuda) Ltd. Bermuda Unison Management (Dublin) Limited Ireland Unison Management (Scandinavia) AB Sweden Unison n.v./s.a. Belgium Unused Subsidiary, Inc. New York Unused Subsidiary, Inc. Texas Van Vugt & Beukers BV Netherlands Versicherungs-Vermittlungsgesellschaft fur die Energieversorgung Baden-Wurttemberg Germany VIC Corporation Maine Victor O. Schinnerer & Company Ltd. England Victor O. Schinnerer & Company, Inc. Delaware Victor O. Schinnerer & Company, Inc. Ohio Victor O. Schinnerer of Illinois, Inc. Illinois Victoria Hall Company Limited Bermuda Vista Insurance Company, Ltd. Bermuda VVG Gradmann & Holler Versicherungsvermittlungs GmbH Germany VW Versicherungsvermittlungs-GmbH Germany White Kennett Limited England Wigham Poland (Hellas) Limited Greece Wigham Poland (NSW) Pty Limited Australia Wigham Poland Australia Pty. Limited Australia Wigham Poland Aviation Limited England Wigham Poland Life Pty Limited Australia Wigham Poland Limited England Wigham Poland Marine Limited England Wigham Poland Professional Indemnity Limited England Wigham Poland Reinsurance Brokers Hellas Limited Greece Wigham Poland Reinsurance Brokers Limited England Wigham Poland Scotland Limited Scotland Willcox Intermediaries Limited England Willcox J&H Reinsurance Brokers Limited England Willcox Johnson & Higgins Limited England Willcox, Barringer & Co. (California) Inc. California William M Mercer GmbH Germany William M. Mercer (Aust) Limited Australia William M. Mercer (Hungary) Kft. Hungary - 21 - William M. Mercer (Isle of Man) Limited Isle of Man William M. Mercer (Korea) Co., Ltd. Korea William M. Mercer (Malaysia) Sdn. Bhd. Malaysia William M. Mercer (NZ) Limited New Zealand William M. Mercer (Properties) Ltd. England William M. Mercer A.B. Sweden William M. Mercer A/S Denmark William M. Mercer Agente de Seguros S.A. de C.V. Mexico William M. Mercer Broking (Taiwan) Ltd. Taiwan William M. Mercer CA Venezuela William M. Mercer Claro Corredores de Seguros Chile William M. Mercer Comercio Consultoria e Servicos Ltda. Brazil William M. Mercer Companies LLC Delaware William M. Mercer Consulting (Taiwan) Ltd. Taiwan William M. Mercer Consultoria Ltda. Brazil William M. Mercer Fraser (Irish Pensioneer Trustees) Limited Ireland William M. Mercer Fraser Computer Services Limited England William M. Mercer Fraser Limited England William M. Mercer Holdings Canada, Inc. Delaware William M. Mercer Holdings, Inc. Delaware William M. Mercer Investment Consulting, Inc. Kentucky William M. Mercer Lda. Portugal William M. Mercer Limitada Chile William M. Mercer Limited (Canada) Canada William M. Mercer Limited (Hong Kong) Hong Kong William M. Mercer Limited (NZ) New Zealand William M. Mercer Limited (UK) England William M. Mercer Limited of Japan Japan William M. Mercer of Indiana, Incorporated Indiana William M. Mercer of Kentucky, Inc. Kentucky William M. Mercer of Michigan, Incorporated Michigan William M. Mercer of Texas, Inc. Texas William M. Mercer of Virginia, Incorporated Virginia William M. Mercer OY Finland William M. Mercer Philippines, Incorporated Philippines William M. Mercer Pte. Ltd. Singapore William M. Mercer Pty. Ltd. Australia William M. Mercer Retirement Plan Pty Ltd. Australia William M. Mercer S.A. France William M. Mercer S.A. Belgium William M. Mercer S.A. Argentina William M. Mercer S.A. Asesores de Seguros Argentina William M. Mercer S.A. De C.V. Mexico William M. Mercer Securities Corp. Delaware William M. Mercer Services B.V. Netherlands William M. Mercer SP Z.O.O. Poland - 22 - William M. Mercer Srl Italy William M. Mercer Ten Pas B.V. Netherlands William M. Mercer Zainal Fraser Sdn. Bhd.M Malaysia William M. Mercer, Incorporated (Delaware) Delaware William M. Mercer, Incorporated (Louisiana) Louisiana William M. Mercer, Incorporated (Massachusetts) Massachusetts William M. Mercer, Incorporated (Nevada) Nevada William M. Mercer, Incorporated (Ohio) Ohio William M. Mercer, Incorporated (Oklahoma) Oklahoma William M. Mercer, Incorporated (Puerto Rico) Puerto Rico William M. Mercer, S.A. Switzerland William M. Mercer, S.A. Belgium 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 Yarmouth Insurance Limited Bermuda Yemen General Insurance Company SYC Yemen
- 23 -