Exhibit 12.1

Marsh & McLennan Companies, Inc. and Subsidiaries

Ratio of Earnings to Fixed Charges

(In millions, except ratios)

	Six Months Ended June 30, 2011 (Unaudited)		Years Ended December 31,
			2010		2009		2008		2007		2006
Earnings
Income before income taxes	$	862	$	769	$	552	$	494	$	759	$	799
Interest expense		100		233		241		220		266		303
Portion of rents representative of the interest factor		76		140		132		145		162		162
	$	1,038	$	1,142	$	925	$	859	$	1,187	$	1,264
Fixed Charges
Interest expense	$	100	$	233	$	241	$	220	$	266	$	303
Portion of rents representative of the interest factor		76		140		132		145		162		162
	$	176	$	373	$	373	$	365	$	428	$	465
Ratio of Earnings to Fixed Charges		5.9		3.1		2.5		2.4		2.8		2.7