Exhibit 12.1

Marsh & McLennan Companies, Inc. and Subsidiaries

Ratio of Earnings to Fixed Charges

(In millions, except ratios)

	Nine Months Ended September 30, 2010		Years Ended December 31,
	(Unaudited)		2009		2008		2007		2006		2005
Earnings
Income before income taxes		$471		$552		$494		$   759		$   799		$203
Interest expense		180		241		220		266		303		332
Portion of rents representative of the interest factor		107		132		145		162		162		141
		$758		$925		$859		$1,187		$1,264		$676
Fixed Charges
Interest expense		$180		$241		$220		$   266		$   303		$332
Portion of rents representative of the interest factor		107		132		145		162		162		141
		$287		$373		$365		$   428		$   465		$473
Ratio of Earnings to Fixed Charges		2.6		2.5		2.4		2.8		2.7		1.4

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