Marsh & McLennan Agency Acquires Howalt+McDowell Insurance

  Marsh & McLennan Agency Acquires Howalt+McDowell Insurance

               Agency Expands MMA’s Footprint into South Dakota

Business Wire

WHITE PLAINS, N.Y. -- November 05, 2012

Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh
Inc., today announced that it has acquired Howalt+McDowell Insurance, Inc.,
the largest independent agency in South Dakota. Terms of the transaction were
not disclosed.

Founded in 1946, Howalt+McDowell has annual revenue of approximately $16
million and offers a wide range of property/casualty, surety, personal
protection, and employee benefits insurance to individuals and midsize
businesses in the upper Midwest. All of the agency’s leadership and employees,
including CEO Jeff Scherschligt, will join MMA’s upper Midwest hub and operate
out of the firm’s existing Sioux Falls, South Dakota office.

“With Howalt+McDowell, we are adding high-quality, local talent and expertise
in the upper Midwest to complement and expand the resources available to our
clients,” said David Eslick, chairman and CEO of MMA. “We welcome Jeff
Scherschligt and the rest of the Howalt+McDowell team to MMA and look forward
to expanding our presence in South Dakota.”

“Joining forces with MMA provides our clients with access to even greater
depth and breadth of risk and benefit expertise and a wider array of services
and solutions to help them grow in this increasingly challenging risk
environment,” Mr. Scherschligt said. “We are thrilled to become a part of MMA
and look forward to helping to build what is fast becoming one our industry’s
top national agencies.”

Howalt+McDowell is the 23rd acquisition Marsh & McLennan Agency has completed
since it began to build its national platform in November 2009. MMA currently
generates approximately $395 million in annualized revenue.

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 inhuman resource
consulting and related services; and Oliver Wyman, a global leader in
management consulting. Follow Marsh on Twitter @Marsh_Inc.


Sally Roberts, 303-952-9453
MMA-upper Midwest
Jeff Mulfinger, 763-746-8257
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