Marsh & McLennan Agency Acquires Progressive Benefit Solutions

  Marsh & McLennan Agency Acquires Progressive Benefit Solutions

      Benefits Firm Expands Rutherfoord’s Capabilities in North Carolina

Business Wire

WHITE PLAINS, N.Y. -- June 08, 2012

Marsh & McLennan Agency LLC (MMA), a subsidiary of broker Marsh Inc., today
announced that it has acquired Progressive Benefit Solutions (PBS), a $5
million revenue employee benefits agency based in Raleigh, North Carolina.
Terms of the transaction were not disclosed.

PBS will operate as a division of Rutherfoord, a Marsh & McLennan Agency LLC
company, expanding Rutherfoord’s employee benefits capabilities and resources
in the Raleigh market. PBS offers a wide-range of health, wellness,
compliance, and executive compensation products and services to midsize
clients. John McDonnell, William Salmon, Rick Kelly, and the rest of the PBS
team will join Rutherfoord and continue operating out of PBS’ existing Raleigh
office. The transaction is the fourth complementary acquisition for
Rutherfoord/MMA.

“We are delighted to welcome Progressive Benefit Solutions’ talented and
experienced employee benefit professionals to Rutherfoord,” said Thomas R.
Brown, Vice Chairman of Rutherfoord/MMA. “With PBS, we are able to offer
greater resources and a broader platform to serve the needs of our clients in
Eastern North Carolina and beyond.”

“We’re thrilled to be joining Rutherfoord/MMA and view this move as an
excellent opportunity for PBS to build on the success it has built over the
last 14 years,” said William Salmon, Co-Founder of PBS. “As a part of
Rutherfoord/MMA, our clients will now have access to a wider range of products
and services to address their emerging and evolving needs.”

Commenting on the transaction, David Eslick, Chairman and CEO of Marsh &
McLennan Agency said: “PBS is a welcome addition to our expanding roster of
high-quality agencies that now make up Marsh & McLennan Agency. Spoke
acquisitions such as this are an essential component of our strategy to become
one of the nation’s preeminent insurance agencies serving the needs of the
middle market.”

About Marsh & McLennan Agency

Marsh & McLennan Agency LLC, a subsidiary of Marsh, was established in 2008 to
meet the needs of midsize businesses in the U.S. MMA operates autonomously
from Marsh to offer commercial property, casualty, personal lines, and
employee benefits to clients across the U.S.

About Marsh

Marsh, a global leader in insurance broking and risk management, teams with
its clients to define, design, and deliver innovative industry-specific
solutions that help them protect their future and thrive. It has approximately
26,000 colleagues who collaborate to provide advice and transactional
capabilities to clients in over 100 countries. Marsh is a wholly owned
subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of
professional services companies offering clients advice and solutions in the
areas of risk, strategy and human capital. With 53,000 employees worldwide and
annual revenue exceeding $11 billion, Marsh & McLennan Companies is also the
parent company of Guy Carpenter, a global leader in providing risk and
reinsurance intermediary services; Mercer, a global leader in human resource
consulting and related services; and Oliver Wyman, a global leader in
management consulting. Follow Marsh on Twitter @Marsh_Inc.

Contact:

Marsh
Sally Roberts, 303-952-9453
sally.roberts@marsh.com
or
Rutherfoord
Katie Kestle, 804-915-5637
katie.kestle@rutherfoord.com