Exhibit 12.1

Marsh & McLennan Companies, Inc. and Subsidiaries

Ratio of Earnings to Fixed Charges

(In millions, except ratios)

	Six Months Ended June 30, 2010 (Unaudited)		Years Ended December 31,
2009			2008		2007		2006		2005
Earnings
Income before income taxes	$	288	$	552	$	494	$	766	$	806	$	206
Interest expense		120		241		220		266		302		332
Portion of rents representative of the interest factor		72		132		145		162		162		141
	$	480	$	925	$	859	$	1,194	$	1,270	$	679
Fixed Charges
Interest expense	$	120	$	241	$	220	$	266	$	302	$	332
Portion of rents representative of the interest factor		72		132		145		162		162		141
	$	192	$	373	$	365	$	428	$	464	$	473
Ratio of Earnings to Fixed Charges		2.5		2.5		2.4		2.8		2.7		1.4