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Exhibit 21 - MMC Subsidiary List
Marsh & McLennan Companies, Inc.
as of February 9, 2026
Company NameCountry
A. Constantinidi & CIA. S.C.Uruguay
Advance Asset Management LimitedAustralia
Aermetric Technology Group, IncUnited States
AFCO Premium Credit LLCUnited States
Altius Associates GP LtdGuernsey
Altius Associates Special Partner GP LimitedGuernsey
Altius Client (GP) II LLCUnited States
Altius Client (GP) LLCUnited States
Altius Client JP LimitedCayman Islands
10 Altius Real Assets (GP) LLCUnited States
11 Altius Real Assets Management S.a.r.l (GP)Luxembourg
12 Amal Insurance Brokers LimitedSaudi Arabia
13 Ardrossan Insurance Brokers Pty LtdAustralia
14 Associates & Co 2019France
15 Associates & Co 2020France
16 Asterra Re Sociedad Anonoima Correduria de ReasegurosSpain
17 Austral Insurance Brokers Pty LtdAustralia
18 BeneCap Insurance Solutions ICUnited States
19 BenPool Re ICUnited States
20 Best Insurance, Inc.Japan
21 Best Insurance, Inc. (Fukouka Branch)Japan
22 Best Insurance, Inc. (Fukuyama Branch)Japan
23 Best Insurance, Inc. (Hiroshima Branch)Japan
24 Best Insurance, Inc. (Nara Branch)Japan
25 Best Insurance, Inc. (Okayama Branch)Japan
26 Blue Marble Micro LimitedUnited Kingdom
27 Blue Marble Microinsurance, Inc.United States
28 Bluefin Insurance Group LimitedUnited Kingdom
29 Boulder Claims, LLCUnited States
30 Bovill Risk & Insurance Consultants Pty. Ltd.Australia
31 Bowring Marsh (Bermuda) Ltd.Bermuda
32 BPL GP S.a.r.l.Luxembourg



33 Calm Finance Holdings LimitedUnited Kingdom
34 Calm Treasury Holdings LimitedUnited Kingdom
35 Calm Treasury Services (Barbados) SRLBarbados
36 Cardano Advisory LimitedUnited Kingdom
37 Cardano Asset Management NVNetherlands
38 Cardano Holding LimitedUnited Kingdom
39 Cardano LimitedUnited Kingdom
40 Cardano Nederland B.V.Netherlands
41 Cardano Risk Management B.V.Netherlands
42 Carpenter Marsh Fac Argentina Corredores de Reaseguros SAArgentina
43 Carpenter Marsh Fac Brasil Corretora de Resseguros LtdaBrazil
44 Carpenter Marsh Fac Chile Corredores de Reaseguros LimitadaChile
45 Carpenter Marsh Fac Colombia Corredores de Reaseguros S.A.Colombia
46 Carpenter Marsh Fac Mexico Intermediario de Reaseguro, S.A. de C.V.Mexico
47 Carpenter Marsh Fac Peru Corredores de Reaseguros S.A.C.Peru
48 Carpenter Marsh Fac Re LLCUnited States
49 Carpenter Turner Cyprus LtdCyprus
50 Cascade Regional Holdings LimitedUnited Kingdom
51 Certus Insurance Brokers (N.Z.) LimitedNew Zealand
52 Chambers Insurance Brokers Pty LtdAustralia
53 Chartwell Healthcare LimitedUnited Kingdom
54 Clark Thomson Insurance Brokers LimitedUnited Kingdom
55 Colombia Global Capability Center Ltda.Colombia
56 Consultores 2020 C.A.Venezuela, Bolivarian Republic of
57 Continental Owner Operators Insurance Services, Inc.United States
58 ConvictionsRHFrance
59 Darwin Technologies Holdings LimitedUnited Kingdom
60 Darwin Technologies LimitedUnited Kingdom
61 Darwin Technologies S.R.L.Romania
62 Deasterra Partners, S.L.Spain
63 Deasterra Services, S.L.Spain
64 DeLima Marsh S.A. - Los Corredores de Seguros S.A.Colombia
65 DVA - Deutsche Verkehrs-Assekuranz-Vermittlungs GmbHGermany
66 ECBE European Center for Board Effektiveres GmbHGermany
67 ECBE Public GmbHGermany
68 Echelon Advisory & Consulting (Malaysia) Sdn. Bhd.Malaysia
69 Echelon Australia Pty LtdAustralia
70 Edgeware Re. LimitedBermuda
71 Empire Insurance Group Pty LtdAustralia



72 EnBW Versicherungs Vermittlung GmbHGermany
73 Epsilon (US) Insurance CompanyUnited States
74 Epsilon Insurance Company, Ltd.Cayman Islands
75 Exelia ExpertiseFrance
76 Fape CourtageFrance
77 Finassur PremiumFrance
78 Finassur S.A.S.France
79 Fontana Rava - Toscano & Partners S.r.l.Italy
80 Fundhouse Bespoke LimitedUnited Kingdom
81 Fundhouse LimitedUnited Kingdom
82 Gard Fund General Partner S.a.r.l.Luxembourg
83 GC Insights LLCUnited States
84 Gerolamo Holding S.a.r.lLuxembourg
85 Group Promoters Pty LtdAustralia
86 Guy Carpenter & Cia., S.A.Spain
87 Guy Carpenter & Co. Labuan Ltd.Malaysia
88 Guy Carpenter & Company ABSweden
89 Guy Carpenter & Company Corredores de Reaseguros SpAChile
90 Guy Carpenter & Company Corretora de Resseguros Ltda.Brazil
91 Guy Carpenter & Company GmbHGermany
92 Guy Carpenter & Company Gmbh (Austria Branch)Austria
93 Guy Carpenter & Company GmbH (Czech Branch)Czech Republic
94 Guy Carpenter & Company GmbH (Poland Branch)Poland
95 Guy Carpenter & Company GmbH (Switzerland Branch)Switzerland
96 Guy Carpenter & Company GmbH (UK Branch)United Kingdom
97 Guy Carpenter & Company LimitedUnited Kingdom
98 Guy Carpenter & Company Peru Corredores de Reaseguros S.A.C.Peru
99 Guy Carpenter & Company Private LimitedSingapore
100 Guy Carpenter & Company Proprietary LimitedSouth Africa
101 Guy Carpenter & Company Pty. Ltd.Australia
102 Guy Carpenter & Company S.A. (Netherlands Branch)Netherlands
103 Guy Carpenter & Company S.r.l.Italy
104 Guy Carpenter & Company, LimitedHong Kong
105 Guy Carpenter & Company, LLCUnited States
106 Guy Carpenter & Company, LLC (Taiwan Branch)Taiwan
107 Guy Carpenter & Company, Ltd./Guy Carpenter & Compagnie, LteeCanada
108 Guy Carpenter & Company, S.A.Belgium
109 Guy Carpenter & Company, S.A.Argentina
110 Guy Carpenter & Company, S.A.S.France



111 Guy Carpenter (Middle East) LimitedUnited Arab Emirates
112 Guy Carpenter and Company Single Member S.A.Greece
113 Guy Carpenter Bermuda Ltd.Bermuda
114 Guy Carpenter Broking, Inc.United States
115 Guy Carpenter Colombia Corredores de Reaseguros Ltda.Colombia
116 Guy Carpenter Insurance Brokers (Beijing) Co. Ltd.China
117 Guy Carpenter Insurance Brokers (Beijing) Co., Ltd (Shanghai Branch)China
118 Guy Carpenter Israel LimitedIsrael
119 Guy Carpenter Japan, Inc.Japan
120 Guy Carpenter Mexico Intermediario de Reaseguro, S.A. de C.V.Mexico
121 Guy Carpenter Reasurans Brokerligi Anonim SirketiTurkey
122 Guy Carpenter Reinsurance Broker Philippines, Inc.Philippines
123 Hamilton Bond LimitedUnited Kingdom
124 HAPIP 2009 GP, LLCUnited States
125 HAPIP GP, LLCUnited States
126 HIG Australia BidCo Pty LtdAustralia
127 HIG Australia HoldCo Pty LtdAustralia
128 hkp Deutschland GmbHGermany
129 hkp group AGSwitzerland
130 hkp group Schweiz AGSwitzerland
131 hkp/// RemuNet B.V.Netherlands
132 Honan Asia Pte LtdSingapore
133 Honan Benefits Pte LtdSingapore
134 Honan Financial Services Pty. Ltd.Australia
135 Honan Financial Services Unit TrustAustralia
136 Honan Group (Malaysia) Sdn. Bhd.Malaysia
137 Honan Insurance Group (Asia) Pte LtdSingapore
138 Honan Insurance Group (NZ) LimitedNew Zealand
139 Honan Insurance Group (WA) Pty LtdAustralia
140 Honan Insurance Group Pty LtdAustralia
141 Honan Insurance Group WA Unit TrustAustralia
142 Honan Operating Co Pty LtdAustralia
143 Induslynk Training Services Private LimitedIndia
144 Insbrokers Ltda.Uruguay
145 InSolutions LimitedUnited Kingdom
146 Insure Direct - Jardine Lloyd Thompson LimitedUnited Arab Emirates
147 Insure Direct (Brokers) LLCUnited Arab Emirates
148 International Catastrophe Insurance Managers, LLCUnited States
149 Irish Pensions Trust LimitedIreland



150 Isosceles Insurance (Barbados) LimitedBarbados
151 J&H Marsh & McLennan LimitedHong Kong
152 J.W. Terrill Benefit Administrators, Inc.United States
153 Japan Affinity Marketing, Inc.Japan
154 Jelf Insurance Brokers LimitedUnited Kingdom
155 Jelf LimitedUnited Kingdom
156 JI Holdings LimitedMauritius
157 JIB Group Holdings LimitedUnited Kingdom
158 JIB Group LimitedUnited Kingdom
159 JIB Overseas Holdings LimitedUnited Kingdom
160 JIB UK Holdings LimitedUnited Kingdom
161 JLT Advisory Services LimitedIndia
162 JLT Asia Holdings BVNetherlands
163 JLT Chile Holdings SpAChile
164 JLT Colombia Retail LimitedUnited Kingdom
165 JLT Colombia Wholesale LimitedUnited Kingdom
166 JLT Consultants & Actuaries LimitedUnited Kingdom
167 JLT Group Holdings LimitedUnited Kingdom
168 JLT Group Services Pty LtdAustralia
169 JLT Holdings (Barbados) LtdBarbados
170 JLT Holdings (Bermuda) Ltd.Bermuda
171 JLT Independent Consultancy Services Private LimitedIndia
172 JLT Insurance Brokers LimitedHong Kong
173 JLT Insurance Group Holdings LtdUnited Kingdom
174 JLT Intellectual Property LimitedIreland
175 JLT Investment Management LimitedUnited Kingdom
176 JLT LATAM (Southern Cone) Wholesale LimitedUnited Kingdom
177 JLT Latin American Holdings LimitedUnited Kingdom
178 JLT Management Services LimitedUnited Kingdom
179 JLT Mexico, Intermediario de Reaseguro, S.A. de C.V.Mexico
180 JLT Pensions Administration LimitedUnited Kingdom
181 JLT Peru Reinsurance Solutions LimitedUnited Kingdom
182 JLT Peru Retail LimitedUnited Kingdom
183 JLT Peru Wholesale LimitedUnited Kingdom
184 JLT QFM Services LimitedIreland
185 JLT Re Pty LtdAustralia
186 JLT Reinsurance Brokers LimitedUnited Kingdom
187 JLT Risk Solutions Pty LtdAustralia
188 JLT Singapore Holdings Pte. Ltd.Singapore



189 JLT Specialty LimitedUnited Kingdom
190 JLT Trust Services (Barbados) LtdBarbados
191 JLT UK Investment Holdings LimitedUnited Kingdom
192 JLT Wealth Management LimitedUnited Kingdom
193 JMIB Holdings BVNetherlands
194 Jointly - Il Welfare Condiviso S.r.l.Italy
195 Kessler & Co AGSwitzerland
196 Kessler & Co Inc.Liechtenstein
197 Kessler Consulting Inc.Switzerland
198 Kessler Prevoyance Inc.Switzerland
199 KFAS GP S.a.r.l.Luxembourg
200 Lavaretus Underwriting ABSweden
201 Lavaretus Underwriting AB (BRANCH - Finland)Finland
202 Lincoln Pensions LimitedUnited Kingdom
203 LLP Holdings Pty LtdAustralia
204 MACC Asistencias SpAChile
205 MAG SpAItaly
206 Malcolm Investment Holdings LimitedBarbados
207 Mangrove Cell 5 ICUnited States
208 Mangrove Cell 6 ICUnited States
209 Mangrove Delaware Insurance Solutions IncUnited States
210 Mangrove Insurance Europe PCC LimitedMalta
211 Mangrove Insurance Guernsey PCC LimitedGuernsey
212 Mangrove Insurance Solutions PCC LimitedIsle of Man
213 Mangrove Insurance Solutions, PCCUnited States
214 Mangrove Insurance SPC (Cayman) Ltd.Cayman Islands
215 Mangrove Risk Solutions Bermuda Ltd.Bermuda
216 Marine, Aviation & General (London) LimitedUnited Kingdom
217 Marley Eternit Fund General Partner S.a.r.l.Luxembourg
218 Marsh & McLennan (PNG) LimitedPapua New Guinea
219 Marsh & McLennan Agencies LimitedHong Kong
220 Marsh & McLennan Agency LimitedNew Zealand
221 Marsh & McLennan Agency LLCUnited States
222 Marsh & McLennan Agency Pty LtdAustralia
223 Marsh & McLennan Asia Business Services Sdn. Bhd.Malaysia
224 Marsh & McLennan Colombia S.A.SColombia
225 Marsh & McLennan Companies Asia Pacific Treasury Center LimitedHong Kong
226 Marsh & McLennan Companies Finance Center (Luxembourg) S.a.r.l.Luxembourg
227 Marsh & McLennan Companies Finance Center (Luxembourg) S.a.r.l. (Barbados Branch)Barbados



228 Marsh & McLennan Companies France S.A.S.France
229 Marsh & McLennan Companies Holdings (Luxembourg) S.a.r.l.Luxembourg
230 Marsh & McLennan Companies UK LimitedUnited Kingdom
231 Marsh & McLennan Companies, Inc. (UK Establishment)United Kingdom
232 Marsh & McLennan Deutschland GmbHGermany
233 Marsh & McLennan Euro Finance LimitedIreland
234 Marsh & McLennan Europe S.a.r.l.Luxembourg
235 Marsh & McLennan Europe S.a.r.l. (Barbados Branch)Barbados
236 Marsh & McLennan Finance LimitedIreland
237 Marsh & McLennan Global Broking (Bermuda) Ltd.Bermuda
238 Marsh & McLennan Holding GmbHGermany
239 Marsh & McLennan Holdings (Canada) ULCCanada
240 Marsh & McLennan Innovation Centre LimitedIreland
241 Marsh & McLennan Insurance Services LimitedHong Kong
242 Marsh & McLennan Ireland LimitedIreland
243 Marsh & McLennan Risk Capital Holdings, Ltd.United States
244 Marsh & McLennan Servicios, S.A. De C.V.Mexico
245 Marsh & McLennan Shared Services Canada LimitedCanada
246 Marsh & McLennan Shared Services, LLCUnited States
247 Marsh (Bahrain) Company WLLBahrain
248 Marsh (Beijing) Risk Management Consulting Co., Ltd.China
249 Marsh (Beijing) Risk Management Consulting Co., Ltd. (Nanjing Branch)China
250 Marsh (China) Insurance Brokers Co., Ltd.China
251 Marsh (China) Insurance Brokers Co., Ltd. (Guangdong Branch)China
252 Marsh (China) Insurance Brokers Co., Ltd. (Jiangsu Branch)China
253 Marsh (China) Insurance Brokers Co., Ltd. (Liaoning Branch)China
254 Marsh (China) Insurance Brokers Co., Ltd. (Shandong Branch)China
255 Marsh (China) Insurance Brokers Co., Ltd. (Shanghai Branch)China
256 Marsh (China) Insurance Brokers Co., Ltd. (Shanghai Reinsurance Branch)China
257 Marsh (China) insurance Brokers Co., Ltd. (Shenzhen Branch)China
258 Marsh (China) Insurance Brokers Co., Ltd. (Tianjin Branch)China
259 Marsh (China) Insurance Brokers Co., Ltd. (Xiamen Branch)China
260 Marsh (Hong Kong) LimitedHong Kong
261 Marsh (Insurance Brokers) LLPKazakhstan
262 Marsh (Insurance Services) LimitedUnited Kingdom
263 Marsh (Liechtenstein) AGLiechtenstein
264 Marsh (Middle East) LimitedUnited Kingdom
265 Marsh (Middle East) Limited (Abu Dhabi Branch)United Arab Emirates
266 Marsh (Middle East) Limited (Egypt Rep Office)Egypt



267 Marsh (Middle East) Limited (Iraq Branch)Iraq
268 Marsh (Namibia) Proprietary LimitedNamibia
269 Marsh (Singapore) Pte. Ltd.Singapore
270 Marsh Advantage Insurance Pty LtdAustralia
271 Marsh Advisory S.r.l.Italy
272 Marsh Advisory Services S.R.L.Romania
273 Marsh Africa Proprietary LimitedSouth Africa
274 Marsh AGSwitzerland
275 Marsh Arabia Insurance BrokersSaudi Arabia
276 Marsh Argentina S.R.L.Argentina
277 Marsh Asprose Corredora de Seguros S.A.Costa Rica
278 Marsh Associates Proprietary LimitedSouth Africa
279 Marsh Austria G.m.b.H.Austria
280 Marsh B.V.Netherlands
281 Marsh Broker de Asigurare-Reasigurare S.R.L.Romania
282 Marsh Broker Japan, Inc.Japan
283 Marsh Canada Limited/Marsh Canada LimiteeCanada
284 Marsh Corporate Services (Barbados) LimitedBarbados
285 Marsh Corporate Services Isle of Man LtdIsle of Man
286 Marsh Corporate Services LimitedUnited Kingdom
287 Marsh Corporate Services Malta LimitedMalta
288 Marsh Corredores de Seguros SpAChile
289 Marsh Corretora de Seguros Ltda.Brazil
290 Marsh d.o.o. BeogradSerbia
291 Marsh d.o.o. za posredovanje u osiguranjuCroatia
292 Marsh Emirates Consultancy LLCUnited Arab Emirates
293 Marsh Emirates Insurance Brokerage LLCUnited Arab Emirates
294 Marsh Emirates insurance Brokerage LLC (Abu Dhabi Branch)United Arab Emirates
295 Marsh Employee Benefits LimitedIreland
296 Marsh Engineering Consulting (Shanghai) Co., Ltd.China
297 Marsh EOODBulgaria
298 Marsh Europe S.A.Belgium
299 Marsh Europe S.A. (Slovakia Branch)Slovakia
300 Marsh Europe S.A. (Slovenia Branch)Slovenia
301 Marsh Europe S.A. (Ukraine Branch)Ukraine
302 Marsh Financial Services Risk Purchasing GroupUnited States
303 Marsh FJC International Insurance Brokers LimitedNigeria
304 Marsh for Insurance Brokerage S.A.E.Egypt
305 Marsh for Insurance ConsultingEgypt



306 Marsh for Insurance Services - JordanJordan
307 Marsh Franco Acra, S.A.Dominican Republic
308 Marsh GmbHGermany
309 Marsh GSC Servicos e Administracao de Seguros Ltda.Brazil
310 Marsh Guy Carpenter Reinsurance Brokers Saudi ArabiaSaudi Arabia
311 Marsh India Insurance Brokers Private LimitedIndia
312 Marsh Insurance & Investments LLCUnited States
313 Marsh Insurance Agencies LimitedHong Kong
314 Marsh Insurance and Reinsurance Brokers LLCAzerbaijan
315 Marsh Insurance Brokers (Macao) LimitedMacao
316 Marsh Insurance Brokers (Malaysia) Sdn BhdMalaysia
317 Marsh Insurance Brokers LimitedCyprus
318 Marsh Insurance Brokers Malawi LimitedMalawi
319 Marsh Insurance Consulting Saudi ArabiaSaudi Arabia
320 Marsh International Holdings, LLCUnited States
321 Marsh Ireland Brokers LimitedIreland
322 Marsh Ireland Brokers Limited (UK Branch)United Kingdom
323 Marsh Israel (1999) Ltd.Israel
324 Marsh Israel (Holdings) Ltd.Israel
325 Marsh Israel Consultants Ltd.Israel
326 Marsh Israel Insurance Agency Ltd.Israel
327 Marsh Japan, Inc.Japan
328 Marsh JLT Ireland Holdings LimitedIreland
329 Marsh Kft.Hungary
330 Marsh Kindlustusmaakler ASEstonia
331 Marsh Korea, Inc.Korea, Republic of
332 Marsh LimitedNew Zealand
333 Marsh LimitedPapua New Guinea
334 Marsh LimitedUnited Kingdom
335 Marsh LLCUnited States
336 Marsh LLCUkraine
337 Marsh Ltd.United States
338 Marsh Ltd. [Taiwan Branch]Taiwan
339 Marsh Management Services (Barbados) LimitedBarbados
340 Marsh Management Services (Bermuda) Ltd.Bermuda
341 Marsh Management Services (Dublin) LimitedIreland
342 Marsh Management Services (MENA) LimitedUnited Arab Emirates
343 Marsh Management Services Cayman Ltd.Cayman Islands
344 Marsh Management Services Guernsey LimitedGuernsey



345 Marsh Management Services Inc.United States
346 Marsh Management Services Isle of Man LimitedIsle of Man
347 Marsh Management Services Labuan LimitedMalaysia
348 Marsh Management Services Luxembourg S.a.r.l.Luxembourg
349 Marsh Management Services Luxembourg S.a.r.l. (Zurich/Switzerland Branch)Switzerland
350 Marsh Management Services Luxembourg, S.a.r.l. (Vaduz/Liechtenstein Branch)Liechtenstein
351 Marsh Management Services Malta LimitedMalta
352 Marsh Management Services Singapore Pte. Ltd.Singapore
353 Marsh Management Services Sweden ABSweden
354 Marsh Marine Proprietary LimitedSouth Africa
355 Marsh McLennan (Australia) Pty LtdAustralia
356 Marsh McLennan (DE) LLCUnited States
357 Marsh McLennan (India) Private LimitedIndia
358 Marsh McLennan A/SDenmark
359 Marsh McLennan ABSweden
360 Marsh McLennan Agency A/SDenmark
361 Marsh McLennan Alpha LimitedUnited Kingdom
362 Marsh McLennan Arabia For The Headquarters Of Foreign CompaniesSaudi Arabia
363 Marsh McLennan ASNorway
364 Marsh Mclennan India Holdings LimitedUnited Kingdom
365 Marsh McLennan India LimitedUnited Kingdom
366 Marsh McLennan International Finance Ireland LimitedIreland
367 Marsh McLennan International Treasury Services Pte. Ltd.Singapore
368 Marsh McLennan Investment B.V.Netherlands
369 Marsh McLennan MoroccoMorocco
370 Marsh McLennan OyFinland
371 Marsh McLennan QFC LLCQatar
372 Marsh McLennan Regional Holdings LimitedUnited Kingdom
373 Marsh MEA LtdUnited Arab Emirates
374 Marsh Medical Consulting GmbHGermany
375 Marsh Mercer Holdings (Australia) Pty LtdAustralia
376 Marsh Mexico, Agente de Seguros y de Fianzas, Sociedad Anónima De Capital VariableMexico
377 Marsh MoroccoMorocco
378 Marsh NV/SA (UK Branch)United Kingdom
379 Marsh Oman LLCOman
380 Marsh PB Co., Ltd.Thailand
381 Marsh Peru S.A.C. Corredores de SegurosPeru
382 Marsh Philippines, Inc.Philippines
383 Marsh Proprietary LimitedSouth Africa



384 Marsh Pte LimitedFiji
385 Marsh Pty LtdAustralia
386 Marsh Puerto Rico, Inc.Puerto Rico
387 Marsh Qatar LLCQatar
388 Marsh ReSolutions Pty LimitedAustralia
389 Marsh Risk and Consulting Services (Pty) LtdNamibia
390 Marsh Risk Consulting B.V.Netherlands
391 Marsh Risk Consulting LimitadaChile
392 Marsh Risk Consulting Ltda.Colombia
393 Marsh Risk Consulting, S.L.Spain
394 Marsh S.A.Belgium
395 Marsh S.A.S.France
396 Marsh S.A.S. (Poland Branch)Poland
397 Marsh S.p.A.Italy
398 Marsh s.r.o.Czech Republic
399 Marsh SA (Luxembourg Branch)Luxembourg
400 Marsh SA [Argentina]Argentina
401 Marsh SA [Uruguay]Uruguay
402 Marsh SA Insurance BrokersGreece
403 Marsh Secretarial Services LimitedUnited Kingdom
404 Marsh Semusa, S.A.Panama
405 Marsh Services LimitedUnited Kingdom
406 Marsh Services Spolka z.o.o.Poland
407 Marsh SIALatvia
408 Marsh Sigorta ve Reasurans Brokerligi Anonim SirketiTurkey
409 Marsh Soken, IncJapan
410 Marsh Spolka z.o.o.Poland
411 Marsh Takaful Brokers (Malaysia) Sdn BhdMalaysia
412 Marsh Treasury Services LimitedUnited Kingdom
413 Marsh USA Borrower LLCUnited States
414 Marsh USA LLCUnited States
415 Marsh Venezuela C.A. Sociedad de Corretaje de SegurosVenezuela, Bolivarian Republic of
416 Marsh Vietnam Insurance Broking Company LtdVietnam
417 Marsh Zambia LimitedZambia
418 Marsh, Lda.Portugal
419 Marsh, S.A. Mediadores de SegurosSpain
420 MarshMcLennan Operations Center Mexico, S. De R.L. de C.V.Mexico
421 MEIS Insurance Broker Services (Thailand) Company LimitedThailand
422 MEIS Insurance Service, Inc.Japan



423 Mercer (Argentina) S.A.U.Argentina
424 Mercer (Australia) Pty LtdAustralia
425 Mercer (Austria) GmbHAustria
426 Mercer (Belgium) SA-NVBelgium
427 Mercer (Canada) Limited/Mercer (Canada) limitéeCanada
428 Mercer (China) LimitedChina
429 Mercer (China) Limited (Beijing Branch)China
430 Mercer (China) Limited (Guangzhou Branch)China
431 Mercer (China) Limited (Shanghai Branch)China
432 Mercer (China) Limited (Shenzhen Branch)China
433 Mercer (China) Limited (Zhejiang Branch)China
434 Mercer (Colombia) Ltda (Sucursal Peru/Peru Branch)Peru
435 Mercer (Colombia) Ltda.Colombia
436 Mercer (Denmark) A/SDenmark
437 Mercer (France) SASFrance
438 Mercer (Hong Kong) LimitedHong Kong
439 Mercer (Hong Kong) Limited (Macao Branch)Macao
440 Mercer (Ireland) LimitedIreland
441 Mercer (Malaysia) Sdn. Bhd.Malaysia
442 Mercer (N.Z.) LimitedNew Zealand
443 Mercer (Nederland) B.V.Netherlands
444 Mercer (Polska) Sp.z o.o.Poland
445 Mercer (Portugal) - Recursos Humanos, LdaPortugal
446 Mercer (Singapore) Pte. Ltd.Singapore
447 Mercer (Taiwan) Ltd.Taiwan (Province of China)
448 Mercer (Thailand) Ltd.Thailand
449 Mercer (US) LLCUnited States
450 Mercer Administration Services (Australia) Pty LimitedAustralia
451 Mercer Advisory Holdings ULCCanada
452 Mercer Africa LimitedUnited Kingdom
453 Mercer Alternatives (Luxembourg) S.a.r.l.Luxembourg
454 Mercer Alternatives AGSwitzerland
455 MERCER ALTERNATIVES LIMITEDUnited Kingdom
456 Mercer Asesores en Inversión Independientes, S.A. de C.V.Mexico
457 Mercer Broking Ltd.Taiwan (Province of China)
458 Mercer Consulting (Australia) Pty LtdAustralia
459 Mercer Consulting (Chile) LimitadaChile
460 Mercer Consulting (France) SASFrance
461 Mercer Consulting LimitedUnited Kingdom



462 Mercer Consulting Limited (Abu Dhabi Branch)United Arab Emirates
463 Mercer Consulting Limited (Saudi Arabia Branch)Saudi Arabia
464 Mercer Consulting, S.L.U.Spain
465 Mercer Corredores de Seguros LimitadaChile
466 Mercer Danismanlik Anonim SirketiTurkey
467 Mercer Deutschland GmbHGermany
468 Mercer Employee Benefits - Mediacao de Seguros Unipessoal Lda.Portugal
469 Mercer Employee Benefits LimitedUnited Kingdom
470 Mercer FGV GPFrance
471 Mercer Financial Advice (Australia) Pty LtdAustralia
472 Mercer Financial Services Limited Liability CompanyMorocco
473 Mercer Financial Services Middle East LimitedUnited Arab Emirates
474 Mercer Global Investments Canada Limited Mercer Gestion mondiale d'investissements Canada limiteeCanada
475 Mercer Global Investments Europe LimitedIreland
476 Mercer Global Investments Europe Limited (Germany Branch)Germany
477 Mercer Global Investments Europe Limited (Sweden Branch)Sweden
478 Mercer Global Investments Europe Limited (UK Branch)United Kingdom
479 Mercer Global Investments Management LimitedIreland
480 Mercer Global Real Estate Select GP LLCUnited States
481 Mercer Health & Benefits (Singapore) Pte. Ltd.Singapore
482 Mercer Health & Benefits Administration LLCUnited States
483 Mercer Health & Benefits LLCUnited States
484 Mercer Holdings, Inc.Philippines
485 Mercer Holdings, LLCUnited States
486 Mercer HR Consulting Borrower LLCUnited States
487 Mercer Human Resource Consulting LtdaBrazil
488 Mercer Human Resource Consulting S.A. de C.V.Mexico
489 Mercer ICC LimitedGuernsey
490 Mercer Infrastructure General Partner S.a.r.l.Luxembourg
491 Mercer International Private Equity Select III GP LLCUnited States
492 Mercer Investment Management (Shanghai) Co., LtdChina
493 Mercer Investment Solutions (Singapore) Pte. Ltd.Singapore
494 Mercer Investments (Australia) LimitedAustralia
495 Mercer Investments (HK) LimitedHong Kong
496 Mercer Investments (Japan), LtdJapan
497 Mercer Investments LLCUnited States
498 Mercer Ireland Holdings LimitedIreland
499 Mercer Italia S.R.L.Italy
500 Mercer Italia Societa d'Intermediazione Mobiliare S.p.AItaly



501 Mercer Japan Ltd.Japan
502 Mercer Korea Co., Ltd.Korea, Republic of
503 Mercer Lestisharat AlamalJordan
504 Mercer LimitedUnited Kingdom
505 Mercer Master Trust No. 1 Designated Activity CompanyIreland
506 Mercer Master Trust No. 2 Designated Activity CompanyIreland
507 Mercer Master Trust No. 3 Designated Activity CompanyIreland
508 Mercer MC Consulting Borrower LLCUnited States
509 Mercer MST GP S.a.r.l.Luxembourg
510 Mercer NMSIC GP, LLCUnited States
511 Mercer Open Ended Private Markets General Partner S.a.r.l.Luxembourg
512 Mercer Outsourcing (Australia) Pty LtdAustralia
513 Mercer Outsourcing, S.L.U.Spain
514 Mercer PE General Partner S.a.r.l.Luxembourg
515 Mercer Pensionsfonds AGGermany
516 Mercer Philippines, Inc.Philippines
517 Mercer Private Investment Partner IV General Partner S.a.r.l.Luxembourg
518 Mercer Private Investment Partner V General Partner S.a.r.l.Luxembourg
519 Mercer Private Investment Partners IX General Partner S.a.r.l.Luxembourg
520 Mercer Private Investment Partners VI General Partner S.a.r.l.Luxembourg
521 Mercer Private Investment Partners VII General Partner S.a.r.l.Luxembourg
522 Mercer Private Investment Partners VIII General Partners S.a.r.l.Luxembourg
523 Mercer Private Markets S.A. SICAV - UCI Part IILuxembourg
524 Mercer Risk Management LimitedUnited Kingdom
525 Mercer Schweiz AGSwitzerland
526 Mercer Secor GP LLCUnited States
527 Mercer Services Australia Pty LtdAustralia
528 Mercer Services Poland Sp. z.o.o.Poland
529 Mercer South Africa Proprietary LimitedSouth Africa
530 Mercer Superannuation (Australia) LimitedAustralia
531 Mercer Treuhand GmbHGermany
532 Mercer Trust Company LLCUnited States
533 Mercer Wealth (India) Private LimitedIndia
534 Mercury Insurance Services Pty LtdAustralia
535 MIPP S.a.r.l.Luxembourg
536 MIPP VI S.a.r.l.Luxembourg
537 MIPP VII S.a.r.l.Luxembourg
538 MIPP VIII S.a.r.l.Luxembourg
539 MM Asistencias S.A.Argentina



540 MMA Asset Management LLCUnited States
541 MMA Securities LLCUnited States
542 MMB Consultores S.A.Argentina
543 MMC Borrower LLCUnited States
544 MMC CAPITAL SOLUTIONS LPUnited Kingdom
545 MMC Capital Solutions UK LimitedUnited Kingdom
546 MMC Capital Solutions US LLCUnited States
547 MMC Finance (Australia) LimitedUnited Kingdom
548 MMC FINANCE (EUROPE) LIMITEDUnited Kingdom
549 MMC Finance (Singapore) LimitedUnited Kingdom
550 MMC Finance (US) LimitedUnited Kingdom
551 MMC Finance Holdings (US) LimitedUnited Kingdom
552 MMC FINANCE UK LIMITEDUnited Kingdom
553 MMC Financial CompanySaudi Arabia
554 MMC Funding (US) LimitedUnited Kingdom
555 MMC Group Services sp. z o.o.Poland
556 MMC Holdings (Australia) Pty LtdAustralia
557 MMC Holdings (UK) LimitedUnited Kingdom
558 MMC International Finance (Barbados) SRLBarbados
559 MMC International Holdings LLCUnited States
560 MMC International LimitedUnited Kingdom
561 MMC International Treasury Centre LimitedUnited Kingdom
562 MMC Management Services Proprietary LimitedSouth Africa
563 MMC Middle East Holdings LimitedUnited Kingdom
564 MMC Oliver Wyman Bermuda Ltd.Bermuda
565 MMC Poland Holdings B.V.Netherlands
566 MMC Regional LATAM Holdings B.V.Netherlands
567 MMC Securities (Ireland) LimitedIreland
568 MMC Securities LimitedUnited Kingdom
569 MMC Securities LLCUnited States
570 MMC ShunTak Insurance Brokers LimitedHong Kong
571 MMC ShunTak Insurance Brokers Limited (Macao Branch)Macao
572 MMC UK Group LimitedUnited Kingdom
573 MMC UK Pension Fund Trustee LimitedUnited Kingdom
574 MMC Warsaw Hub sp. z.o.o.Poland
575 MMOW LimitedUnited Kingdom
576 Modern Risk Solutions Pty. Ltd.Australia
577 Modern Risk Solutions Unit TrustAustralia
578 Mountlodge LimitedUnited Kingdom



579 MPIP III GP LLCUnited States
580 MPIP IV GP LLCUnited States
581 MPIP IX GP, LLCUnited States
582 MPIP Pooling GP, LLCUnited States
583 MPIP V GP, LLCUnited States
584 MPIP VI GP, LLCUnited States
585 MPIP VII GP, LLCUnited States
586 MPIP VIII GP, LLCUnited States
587 MSS COI GP, LLCUnited States
588 MST Marsh, Inc.Japan
589 Mugnier MotteFrance
590 Muir Beddal (Zimbabwe) LimitedZimbabwe
591 National Economic Research Associates, Inc.United States
592 National Economic Research Associates, Inc. - Sucursal en Espana (Spain branch )Spain
593 NERA Australia Pty LtdAustralia
594 NERA Economic Consulting GmbHGermany
595 NERA Economic Consulting LimitedNew Zealand
596 NERA SASFrance
597 NERA UK LimitedUnited Kingdom
598 NERA UK Limited (Belgium Branch)Belgium
599 Neuburger Noble Lowndes GmbHGermany
600 New Triple A Venture Broker Correduria De Seguros, S.L.Spain
601 Normandy Reinsurance Company LimitedBermuda
602 NOW:Pension Trustee LTD.United Kingdom
603 NOW:Pensions Investment LtdUnited Kingdom
604 NOW:Pensions LtdUnited Kingdom
605 Oliver Wyman (Hong Kong) LimitedHong Kong
606 Oliver Wyman ABSweden
607 Oliver Wyman Actuarial Consulting, Inc.United States
608 Oliver Wyman AGSwitzerland
609 Oliver Wyman ApSDenmark
610 Oliver Wyman Austria GmbHAustria
611 Oliver Wyman B.V.Netherlands
612 Oliver Wyman Co., Ltd.Thailand
613 Oliver Wyman Consulting (Shanghai) LtdChina
614 Oliver Wyman Consulting (Shanghai) Ltd ( Beijing Branch)China
615 Oliver Wyman Consulting India Private LimitedIndia
616 Oliver Wyman Consultoria em Estrategia de Negocios Ltda.Brazil
617 Oliver Wyman Energy Consulting LimitedUnited Kingdom



618 Oliver Wyman FZ-LLCUnited Arab Emirates
619 Oliver Wyman GmbHGermany
620 Oliver Wyman Government Services LLCUnited States
621 Oliver Wyman Group KKJapan
622 Oliver Wyman LimitedUnited Kingdom
623 Oliver Wyman Limited (Abu Dhabi branch)United Arab Emirates
624 Oliver Wyman Limited (India Branch)India
625 Oliver Wyman Limited (Saudi Arabia Branch)Saudi Arabia
626 Oliver Wyman Limited W.L.L.Bahrain
627 Oliver Wyman LLCQatar
628 Oliver Wyman Ltd.Korea, Republic of
629 Oliver Wyman Proprietary LimitedSouth Africa
630 Oliver Wyman Pte. Ltd.Singapore
631 Oliver Wyman Pty LtdAustralia
632 Oliver Wyman S.A.S.Colombia
633 Oliver Wyman S.L.Spain
634 Oliver Wyman S.r.l.Italy
635 Oliver Wyman Sdn. Bhd.Malaysia
636 Oliver Wyman Services LimitedUnited Kingdom
637 Oliver Wyman Single Member Limited Liability CompanyGreece
638 Oliver Wyman SNCFrance
639 Oliver Wyman SNC (Tunisia Branch)Tunisia
640 Oliver Wyman sp. z o.o.Poland
641 Oliver Wyman SRLBelgium
642 Oliver Wyman Thailand Holdings, LLCUnited States
643 Oliver Wyman, LLCUnited States
644 Oliver Wyman, LLC (Hong Kong Establishment)Hong Kong
645 Oliver Wyman, S. de R.L. de C.V.Mexico
646 Oliver, Wyman Limited/Oliver, Wyman limiteeCanada
647 Oliver, Wyman Limited/Oliver, Wyman limitee (Barbados Branch)Barbados
648 Omega Indemnity (Bermuda) LimitedBermuda
649 Organizacion Brockman y Schuh S.A. de C.V.Mexico
650 Orizon Underwriters SLSpain
651 OWL Marine Insurance-Brokers GmbHGermany
652 Pallas Marsh Servicos Ltda.Brazil
653 Pavilion Financial Corporation Holdings UK LimitedUnited Kingdom
654 Pavilion Financial Corporation Holdings US III, LLCUnited States
655 Peak Health Services, LLCUnited States
656 Perils AGSwitzerland



657 PI Indemnity Company, Designated Activity CompanyIreland
658 PIP CARRY GP S.a.r.l.Luxembourg
659 PIP NON-US Special LP GP (Guernsey) LimitedGuernsey
660 PIP Performance Vehicle GP S.a.r.l.Luxembourg
661 PIP VII Performance Vehicle GP S.a.r.l.Luxembourg
662 Pitcher Partners Sydney General Insurance Pty LtdAustralia
663 PKE Private Equity CHF General Partner S.a.r.l.Luxembourg
664 Precept Advisory Group LLCUnited States
665 Private Client Services by Mercer China LimitedChina
666 Private Client Services by Mercer China Limited (Beijing Branch)China
667 Private Client Services by Mercer China Limited (Guangzhou Branch)China
668 Private Client Services by Mercer Holdings Pte. Ltd.Singapore
669 Private Client Services by Mercer LimitedHong Kong
670 Private Client Services by Mercer Pte. Ltd.Singapore
671 Private Client Services by Mercer SASwitzerland
672 Profund Solutions LimitedUnited Kingdom
673 PT Marsh Insurance Brokers IndonesiaIndonesia
674 PT Marsh Reinsurance Brokers IndonesiaIndonesia
675 PT Mercer IndonesiaIndonesia
676 PT Oliver Wyman IndonesiaIndonesia
677 PT Quantum Support ServicesIndonesia
678 Risksmart Claims Solutions Pty LimitedAustralia
679 Salisbury Finance LimitedNew Zealand
680 SCIB (Bermuda) LimitedBermuda
681 SCM LT General Partner S.a.r.l.Luxembourg
682 Seabury & Smith Borrower LLCUnited States
683 Seabury & Smith LLCUnited States
684 SeaTec International LimitedUnited Kingdom
685 SECOR Asset Management, LPUnited States
686 SECOR GP S.A.R.L.Luxembourg
687 SECOR Investment Advisers, LPUnited States
688 SECOR Investment Advisors (UK), LLPUnited Kingdom
689 SECOR Investment Management, LPUnited States
690 SECOR Partners (UK), LtdUnited Kingdom
691 SECOR Partners III, LLCUnited States
692 Sedgwick Financial Services LimitedUnited Kingdom
693 Sedgwick Forbes Middle East LimitedJersey
694 Sedgwick Group (Zimbabwe) LimitedZimbabwe
695 Sedgwick Internationaal B.V.Netherlands



696 Sedgwick Management Services (Barbados) LimitedBarbados
697 Sedgwick Noble Lowndes (UK) LimitedUnited Kingdom
698 Sedgwick Noble Lowndes LimitedUnited Kingdom
699 Sedgwick Overseas Investments LimitedUnited Kingdom
700 Sedgwick Ulster Pension Trustees LimitedUnited Kingdom
701 SF Private Debt General Partner S.a.r.l.Luxembourg
702 Shanghai Mercer Insurance Brokers Company Ltd (Beijing Branch)China
703 Shanghai Mercer Insurance Brokers Company Ltd (Guangzhou Branch)China
704 Shanghai Mercer Insurance Brokers Company Ltd (Shenzhen Branch)China
705 Shanghai Mercer Insurance Brokers Company Ltd.China
706 Shorewest Insurance Associates, LLCUnited States
707 Smith LTD Management Group, Inc.United States
708 SRPMIC CARRY ENTITY, LLCUnited States
709 SRPMIC MERCER GP, LLCUnited States
710 Suedzucker Versicherungs-Vermittlungs GmbHGermany
711 The Benefit Express Holdings LimitedUnited Kingdom
712 The Carpenter Management CorporationUnited States
713 The Recovre Group Pty LtdAustralia
714 The Talent Collaboratory FZ LLCUnited Arab Emirates
715 The Talent Enterprise LimitedUnited Arab Emirates
716 The Talent Enterprise LimitedSaudi Arabia
717 The Talent Enterprise Limited (Musaffah Branch Office)United Arab Emirates
718 Thornton Harvey Group, LLCUnited States
719 Torrent Technologies, Inc.United States
720 Tower Hill LimitedUnited Kingdom
721 Tower Place Developments (West) LimitedUnited Kingdom
722 Tower Place Developments LimitedUnited Kingdom
723 Tri International Consulting Group CJSCKuwait
724 triPicaFrance
725 UAD BB Marsh LietuvaLithuania
726 Vezina Assurances Inc.Canada
727 Victor Attorney-In-Fact LLCUnited States
728 Victor Deutschland GmbHGermany
729 Victor Insurance Australia Pty LtdAustralia
730 Victor Insurance Europe B.V.Netherlands
731 Victor Insurance Italia S.r.l.Italy
732 Victor Insurance Managers Inc./Gestionnaires d'assurance Victor inc.Canada
733 Victor Insurance Managers LLCUnited States
734 Victor Insurance Pty LtdAustralia



735 Victor O. Schinnerer & Company LimitedUnited Kingdom
736 WHS Total Solutions Pty LtdAustralia