Exhibit 21.1

Marsh & McLennan Companies, Inc. List of Subsidiariesas of February 19, 2019

	Company Name	Country
1	Marsh Management Services (Bermuda) Ltd.	Bermuda
2	8WORKS INC.	United States
3	8WORKS LTD	United Kingdom
4	A Wills & Co Limited	United Kingdom
5	A. Constantinidi & CIA. S.C.	Uruguay
6	A.C.N. 000 951 146 Pty Limited	Australia
7	A.C.N. 001 572 961 Pty Limited	Australia
8	A.C.N. 076 935 683 Pty Limited	Australia
9	A.C.N. 102 322 574 Pty Limited	Australia
10	Access Equity Enhanced Fund GP, LLC	United States
11	AD Corretora de Seguros Ltda.	Brazil
12	AD Gestao de Riscos Ltda.	Brazil
13	AD Holding Participacoes Ltda.	Brazil
14	AD Participacoes e Investimentos Ltda.	Brazil
15	AD5 Corretora de Seguros Ltda.	Brazil
16	Admiral Holdings Limited	United Kingdom
17	AFCO Premium Acceptance, Inc.	United States
18	AFCO Premium Credit LLC	United States
19	Aldgate Investments Limited	Bermuda
20	Alexander Forbes Group Holdings Limited	South Africa
21	Alliance Insurance Holdings Limited (application made to strike-off)	United Kingdom
22	Amal Insurance Brokers Limited (in liquidation)	Saudi Arabia
23	Assur Conseils Marsh S.A.	Senegal
24	Assurance Capital Corporation	United States
25	Assurance Services Corporation	United States
26	Australian World Underwriters Pty Ltd.	Australia
27	Barney & Barney Orange County, LLC	United States
28	BBPS Limited	United Kingdom
29	Beaumonts (Leeds) Limited	United Kingdom
30	Beaumonts Insurance Brokers Limited (in liquidation)	United Kingdom
31	Beaumonts Insurance Services Limited	United Kingdom
32	Benefitfocus, Inc.	United States
33	BFC Asset Management Co., Ltd.	Japan
34	Blue Marble Micro Limited	United Kingdom
35	Blue Marble Microinsurance, Inc.	United States
36	Bluefin Insurance Group Limited	United Kingdom
37	Bluefin Insurance Services Limited	United Kingdom
38	Bluefin Underwriting Limited	United Kingdom
39	Boulder Claims, LLC	United States

40	Bowring (Bermuda) Investments Ltd.	Bermuda
41	Bowring Marine Limited	United Kingdom
42	Bowring Marsh (Bermuda) Ltd.	Bermuda
43	Bowring Marsh (Hong Kong) Limited	Hong Kong
44	Bowring Marsh Asia Pte. Ltd.	Singapore
45	Bowring Marsh Corretora de Resseguros Ltda.	Brazil
46	Bowring Marsh Limited	United Kingdom
47	Broker 2 Broker Limited	United Kingdom
48	BuildPay, LLC	United States
49	C.T. Bowring Limited	United Kingdom
50	Carpenter Turner Cyprus Ltd	Cyprus
51	Carpenter Turner S.A.	Greece
52	Cascade International Holdings C.V.	Netherlands
53	Cascade Regional Holdings Limited	United Kingdom
54	Central Insurance Services Limited	United Kingdom
55	Chronos Insurance Brokers Pty Limited	Australia
56	Claims and Recovery Management (Australia) Pty Limited	Australia
57	Clark Thomson Insurance Brokers Limited	United Kingdom
58	Companias DeLima S.A.	Colombia
59	Consultores 2020 C.A.	Venezuela, Bolivarian Republic of
60	CPSG Partners, LLC	United States
61	Cronin & Co Insurance Services Limited	United Kingdom
62	DeLima Marsh S.A. - Los Corredores de Seguros S.A.	Colombia
63	Dovetail Insurance Corp.	United States
64	Dovetail Managing General Agency Corporation	United States
65	Dovetail Technology Service India Private Limited	India
66	Draw Connect Limited	United Kingdom
67	Draw Create Limited	United Kingdom
68	Draw Group London Limited	United Kingdom
69	DVA - Deutsche Verkehrs-Assekuranz-Vermittlungs GmbH	Germany
70	EnBW Versicherungs Vermittlung GmbH	Germany
71	Encompass Insurance Agency Pty Ltd.	Australia
72	Encon Group Inc./Groupe Encon Inc.	Canada
73	English Pension Trustees Limited	United Kingdom
74	Epsilon (US) Insurance Company	United States
75	Epsilon Insurance Company, Ltd.	Cayman Islands
76	Exchange Insurance Services Limited (in liquidation)	United Kingdom
77	Exmoor Management Company Limited	Bermuda
78	Factern Limited	United Kingdom
79	Faulkner & Flynn, LLC	United States
80	Ferguson Oliver Insurance Limited	United Kingdom
81	Gama Consultores Associados Ltda.	Brazil
82	GC Genesis LLC	United States
83	Gem Insurance Company Limited	Bermuda
84	Global Premium Finance Company	United States
85	Guy Carpenter & Cia (Mexico) S.A. de C.V.	Mexico

86	Guy Carpenter & Cia., S.A.	Spain
87	Guy Carpenter & Co. Labuan Ltd.	Malaysia
88	Guy Carpenter & Company AB	Sweden
89	Guy Carpenter & Company Corredores de Reaseguros Limitada	Chile
90	Guy Carpenter & Company Corretora de Resseguros Ltda.	Brazil
91	Guy Carpenter & Company GmbH	Germany
92	Guy Carpenter & Company Limited	United Kingdom
93	Guy Carpenter & Company Limited	New Zealand
94	Guy Carpenter & Company Participacoes Ltda.	Brazil
95	Guy Carpenter & Company Peru Corredores de Reaseguros S.A.	Peru
96	Guy Carpenter & Company Private Limited	Singapore
97	Guy Carpenter & Company Proprietary Limited	South Africa
98	Guy Carpenter & Company Pty. Ltd.	Australia
99	Guy Carpenter & Company S.A. (Uruguay)	Uruguay
100	Guy Carpenter & Company S.r.l.	Italy
101	Guy Carpenter & Company, Limited	Hong Kong
102	Guy Carpenter & Company, LLC	United States
103	Guy Carpenter & Company, Ltd./Guy Carpenter & Compagnie, Ltee	Canada
104	Guy Carpenter & Company, S.A.	Belgium
105	Guy Carpenter & Company, S.A.	Argentina
106	Guy Carpenter & Company, S.A.S.	France
107	Guy Carpenter (Middle East) Limited	United Arab Emirates
108	Guy Carpenter Bermuda Ltd.	Bermuda
109	Guy Carpenter Broking, Inc.	United States
110	Guy Carpenter Colombia Corredores de Reaseguros Ltda.	Colombia
111	Guy Carpenter Insurance Brokers (Beijing) Co. Ltd.	China
112	Guy Carpenter Japan, Inc.	Japan
113	Guy Carpenter Mexico Intermediario de Reaseguro, S.A. de C.V.	Mexico
114	Guy Carpenter Reasurans Brokerligi Anonim Sirketi	Turkey
115	Hamilton Bond Limited	United Kingdom
116	Hansen International Limited	United States
117	HAPIP 2009 GP, LLC	United States
118	HAPIP GP, LLC	United States
119	HSBC Insurance Brokers International (Abu Dhabi) LLC (in liquidation)	United Arab Emirates
120	Industrial Risks Protection Consultants	Nigeria
121	Ingeseg S.A.	Argentina
122	Insbrokers Ltda.	Uruguay
123	INSIA a.s.	Czech Republic
124	INSIA Europe SE	Czech Republic
125	INSIA SK s.r.o.	Slovakia
126	InSolutions Limited	United Kingdom
127	Insurance Brokers of Nigeria Limited	Nigeria
128	InsurTech Alliance, LLC	United States
129	International Catastrophe Insurance Managers, LLC	United States
130	Invercol Limited	Bermuda
131	Irish Pensions Trust Limited	Ireland

132	J&H Marsh & McLennan Limited	Hong Kong
133	J.W. Terrill Benefit Administrators, Inc.	United States
134	Japan Affinity Marketing, Inc.	Japan
135	Jelf Commercial Finance Limited	United Kingdom
136	Jelf Financial Planning Limited	United Kingdom
137	Jelf Insurance Brokers Limited	United Kingdom
138	Jelf Limited	United Kingdom
139	Jelf Risk Management Limited	United Kingdom
140	Jelf Wellbeing Limited	United Kingdom
141	John Lampier & Son Ltd	United Kingdom
142	Johnson & Higgins (Bermuda) Limited	Bermuda
143	Johnson & Higgins Limited	United Kingdom
144	JSL Securities, Inc.	United States
145	Kepler Associates Limited	United Kingdom
146	Kessler & Co AG	Switzerland
147	Kessler & Co Inc.	Liechtenstein
148	Kessler Consulting Inc.	Switzerland
149	Kessler Prevoyance Inc.	Switzerland
150	Laterlife.com Limited (in liquidation)	United Kingdom
151	Lemac No.7 Limited	United Kingdom
152	Libra Insurance Services Limited	United Kingdom
153	Lomond Macdonald Limited	United Kingdom
154	Lynch Insurance Brokers Limited	Barbados
155	M&M Vehicle, L.P.	United States
156	Mangrove Insurance Europe PCC Limited	Malta
157	Mangrove Insurance Solutions PCC Limited	Isle of Man
158	Mangrove Insurance Solutions, PCC	United States
159	Marchant McKechnie Insurance Brokers Limited	United Kingdom
160	Marsh & McLennan (PNG) Limited	Papua New Guinea
161	Marsh & McLennan Agencies AS	Norway
162	Marsh & McLennan Agencies Limited	Hong Kong
163	Marsh & McLennan Agency A/S	Denmark
164	Marsh & McLennan Agency Limited	New Zealand
165	Marsh & McLennan Agency LLC	United States
166	Marsh & McLennan Agency Pty Ltd.	Australia
167	Marsh & McLennan Argentina SA Corredores de Reaseguros	Argentina
168	Marsh & McLennan Companies Acquisition Funding Limited	United Kingdom
169	Marsh & McLennan Companies Acquisition Limited	United Kingdom
170	Marsh & McLennan Companies BVBA/SPRL	Belgium
171	Marsh & McLennan Companies Finance Center (Luxembourg) S.a.r.l.	Luxembourg
172	Marsh & McLennan Companies France S.A.S.	France
173	Marsh & McLennan Companies Holdings (Luxembourg) S.a.r.l.	Luxembourg
174	Marsh & McLennan Companies Regional Holdings S.a.r.l.	Luxembourg
175	Marsh & McLennan Companies Services B.V.	Netherlands
176	Marsh & McLennan Companies UK Limited	United Kingdom
177	Marsh & McLennan Companies, Inc.	United States

178	Marsh & McLennan Deutschland GmbH	Germany
179	Marsh & McLennan Europe S.a.r.l.	Luxembourg
180	Marsh & McLennan Global Broking (Bermuda) Ltd.	Bermuda
181	Marsh & McLennan GP I, Inc.	United States
182	Marsh & McLennan Holdings (Canada) ULC	Canada
183	Marsh & McLennan Holdings, Inc.	United States
184	Marsh & McLennan Innovation Centre Holdings II	Bermuda
185	Marsh & McLennan Innovation Centre Holdings S.a.r.l.	Luxembourg
186	Marsh & McLennan Innovation Centre Unlimited Company	Ireland
187	Marsh & McLennan Insurance Services Limited	Hong Kong
188	Marsh & McLennan Management Services (Bermuda) Limited	Bermuda
189	Marsh & McLennan Risk Capital Holdings, Ltd.	United States
190	Marsh & McLennan Servicios, S.A. De C.V.	Mexico
191	Marsh & McLennan Shared Services Canada Limited	Canada
192	Marsh & McLennan Shared Services Corporation	United States
193	Marsh & McLennan, Incorporated (for dissolution)	United States
194	Marsh (Bahrain) Company SPC	Bahrain
195	Marsh (China) Insurance Brokers Co., Ltd.	China
196	Marsh (Hong Kong) Limited	Hong Kong
197	Marsh (Insurance Brokers) LLP	Kazakhstan
198	Marsh (Insurance Services) Limited	United Kingdom
199	Marsh (Malawi) Limited	Malawi
200	Marsh (Middle East) Limited	United Kingdom
201	Marsh (Namibia) (Proprietary) Limited	Namibia
202	Marsh (Pty) Ltd	South Africa
203	Marsh (Risk Consulting) LLP	Kazakhstan
204	Marsh (Singapore) Pte. Ltd.	Singapore
205	Marsh A/S	Denmark
206	Marsh AB	Sweden
207	Marsh Advantage Insurance Holdings Pty Ltd	Australia
208	Marsh Advantage Insurance Pty Ltd.	Australia
209	Marsh Africa (Pty) Ltd	South Africa
210	Marsh AG	Switzerland
211	Marsh Argentina S.R.L.	Argentina
212	Marsh AS	Norway
213	Marsh Associates (Pty) Ltd	South Africa
214	Marsh Austria G.m.b.H.	Austria
215	Marsh Aviation Insurance Broking Pty Ltd (for dissolution)	Australia
216	Marsh B.V.	Netherlands
217	Marsh Botswana (Proprietary) Limited	Botswana
218	Marsh Brockman y Schuh Agente de Seguros y de Fianzas, S.A. de C.V.	Mexico
219	Marsh Broker de Asigurare-Reasigurare S.R.L.	Romania
220	Marsh Broker Japan, Inc.	Japan
221	Marsh Brokers (Hong Kong) Limited	Hong Kong
222	Marsh Brokers Limited	United Kingdom
223	Marsh Canada Limited/Marsh Canada Limitee	Canada

224	Marsh Compensation Technologies Administration (Pty) Ltd	South Africa
225	Marsh Corporate Services (Barbados) Limited	Barbados
226	Marsh Corporate Services Isle of Man Ltd	Isle of Man
227	Marsh Corporate Services Limited	United Kingdom
228	Marsh Corporate Services Malta Limited	Malta
229	Marsh Corretora de Seguros Ltda.	Brazil
230	Marsh d.o.o. Beograd	Serbia
231	Marsh d.o.o. za posredovanje u osiguranju	Croatia
232	Marsh Egypt LLC	Egypt
233	Marsh Emirates Consultancy LLC	United Arab Emirates
234	Marsh Emirates Insurance Brokerage LLC	United Arab Emirates
235	Marsh Employee Benefits Limited	Ireland
236	Marsh Employee Benefits Zimbabwe (Private) Ltd	Zimbabwe
237	Marsh EOOD	Bulgaria
238	Marsh Eurofinance B.V.	Netherlands
239	Marsh Europe S.A.	Belgium
240	Marsh Financial Advisory Services Limited	China
241	Marsh FJC International Insurance Brokers Limited	Nigeria
242	Marsh for Insurance Services - Jordan	Jordan
243	Marsh For Insurance Services S.A.E.	Egypt
244	Marsh Franco Acra, S.A.	Dominican Republic
245	Marsh GmbH	Germany
246	Marsh GSC Servicos e Administracao de Seguros Ltda.	Brazil
247	Marsh Holding AB	Sweden
248	Marsh Holdings (Pty) Ltd	South Africa
249	Marsh i-Connect (Pty) Ltd	South Africa
250	Marsh India Insurance Brokers Private Limited	India
251	Marsh Insurance & Investments LLC	United States
252	Marsh Insurance and Reinsurance Brokers LLC	Azerbaijan
253	Marsh Insurance Brokers	United Kingdom
254	Marsh Insurance Brokers (Macao) Limited	Macao
255	Marsh Insurance Brokers (Malaysia) Sdn Bhd	Malaysia
256	Marsh Insurance Brokers (Private) Limited	Zimbabwe
257	Marsh Insurance Brokers AO	Russian Federation
258	Marsh Insurance Brokers Limited	Cyprus
259	Marsh Insurance Consulting Saudi Arabia (in liquidation)	Saudi Arabia
260	Marsh Intermediaries Inc.	United States
261	Marsh International Broking Holdings Limited	United Kingdom
262	Marsh International Holdings II, Inc.	United States
263	Marsh International Holdings, Inc.	United States
264	Marsh Investment B.V.	Netherlands
265	Marsh Ireland Brokers Limited	Ireland
266	Marsh Ireland Holdings Limited	Ireland
267	Marsh Israel (1999) Ltd.	Israel
268	Marsh Israel (Holdings) Ltd.	Israel
269	Marsh Israel Consultants Ltd.	Israel

270	Marsh Israel Insurance Agency Ltd.	Israel
271	Marsh Israel International Brokers Ltd. (in liquidation)	Israel
272	Marsh Japan, Inc.	Japan
273	Marsh JCS Inc.	United States
274	Marsh Kft.	Hungary
275	Marsh Kindlustusmaakler AS	Estonia
276	Marsh Korea, Inc.	Korea, Republic of
277	Marsh Limited	United Kingdom
278	Marsh Limited [Fiji]	Fiji
279	Marsh Limited [New Zealand]	New Zealand
280	Marsh Limited [PNG]	Papua New Guinea
281	Marsh LLC	United States
282	Marsh LLC [Ukraine]	Ukraine
283	Marsh LLC Insurance Brokers	Greece
284	Marsh Ltd. [Wisconsin]	United States
285	Marsh Management Services (Bahamas) Ltd.	Bahamas
286	Marsh Management Services (Barbados) Limited	Barbados
287	Marsh Management Services (Dublin) Limited	Ireland
288	Marsh Management Services (Labuan) Limited	Malaysia
289	Marsh Management Services (MENA) Limited	United Arab Emirates
290	Marsh Management Services (USVI) Ltd.	United States
291	Marsh Management Services Cayman Ltd.	Cayman Islands
292	Marsh Management Services Guernsey Limited	Guernsey
293	Marsh Management Services Inc.	United States
294	Marsh Management Services Isle of Man Limited	Isle of Man
295	Marsh Management Services Luxembourg S.a.r.l.	Luxembourg
296	Marsh Management Services Malta Limited	Malta
297	Marsh Management Services Singapore Pte. Ltd.	Singapore
298	Marsh Management Services Sweden AB	Sweden
299	Marsh Marine & Energy AB	Sweden
300	Marsh Marine Nederland B.V.	Netherlands
301	Marsh Medical Consulting GmbH	Germany
302	Marsh Mercer Holdings (Australia) Pty Ltd	Australia
303	Marsh Nest Inc.	United States
304	Marsh Oman LLC	Oman
305	Marsh Oy	Finland
306	Marsh PB Co., Ltd.	Thailand
307	Marsh Philippines, Inc.	Philippines
308	Marsh Privat, A.I.E.	Spain
309	Marsh Private Client Life Insurance Services	United States
310	Marsh Pty. Ltd.	Australia
311	Marsh Qatar LLC	Qatar
312	Marsh RE S.A.C. Corredores de Reaseguros	Peru
313	Marsh Rehder Consultoria S.A. (MRC)	Peru
314	Marsh Rehder S.A. Corredores de Seguros	Peru
315	Marsh Resolutions Pty Limited	Australia

316	Marsh Risk and Consulting Services (Pty) Ltd	Namibia
317	Marsh Risk Consulting B.V.	Netherlands
318	Marsh Risk Consulting Limitada	Chile
319	Marsh Risk Consulting Ltda.	Colombia
320	Marsh Risk Consulting Services S.r.L.	Italy
321	Marsh Risk Consulting, S.L.	Spain
322	Marsh S.A. Corredores De Seguros	Chile
323	Marsh S.A.S.	France
324	Marsh S.p.A.	Italy
325	Marsh s.r.o.	Czech Republic
326	Marsh s.r.o.	Slovakia
327	Marsh SA [Argentina]	Argentina
328	Marsh SA [Belgium]	Belgium
329	Marsh SA [Luxembourg]	Luxembourg
330	Marsh SA [Uruguay]	Uruguay
331	Marsh Saldana Inc.	Puerto Rico
332	Marsh Saudi Arabia Insurance & Reinsurance Brokers	Saudi Arabia
333	Marsh Secretarial Services Limited	United Kingdom
334	Marsh Semusa, S.A.	Panama
335	Marsh Services Limited	United Kingdom
336	Marsh Services Spolka z.o.o.	Poland
337	Marsh SIA	Latvia
338	Marsh Sigorta ve Reasurans Brokerligi Anonim Sirketi	Turkey
339	Marsh Spolka z.o.o.	Poland
340	Marsh Szolgaltato Kft.	Hungary
341	Marsh Takaful Brokers (Malaysia) Sdn Bhd	Malaysia
342	Marsh Treasury Services (Dublin) Limited	Ireland
343	Marsh Treasury Services Limited	United Kingdom
344	Marsh Tunisia S.a.r.l.	Tunisia
345	Marsh Uganda Limited	Uganda
346	Marsh UK Limited	United Kingdom
347	Marsh USA (India) Inc.	United States
348	Marsh USA Borrower LLC	United States
349	Marsh USA Inc.	United States
350	Marsh Venezuela C.A. Sociedad de Corretaje de Seguros	Venezuela, Bolivarian Republic of
351	Marsh Vietnam Insurance Broking Company Ltd	Vietnam
352	Marsh Zambia Limited	Zambia
353	Marsh Zimbabwe Holdings (Private) Limited	Zimbabwe
354	Marsh, Lda.	Portugal
355	Marsh, S.A. Mediadores de Seguros	Spain
356	Matthiessen Assurans AB	Sweden
357	Mercer (Argentina) S.A.	Argentina
358	Mercer (Australia) Pty Ltd	Australia
359	Mercer (Austria) GmbH	Austria
360	Mercer (Belgium) SA-NV	Belgium
361	Mercer (Canada) Limited/Mercer (Canada) Limitee	Canada

362	Mercer (China) Limited	China
363	Mercer (Colombia) Ltda.	Colombia
364	Mercer (Danmark) A/S	Denmark
365	Mercer (Finland) OY	Finland
366	Mercer (France) SAS	France
367	Mercer (Hong Kong) Limited	Hong Kong
368	Mercer (Ireland) Limited	Ireland
369	Mercer (Malaysia) Sdn. Bhd.	Malaysia
370	Mercer (N.Z.) Limited	New Zealand
371	Mercer (Nederland) B.V.	Netherlands
372	Mercer (Norge) AS	Norway
373	Mercer (Polska) Sp.z o.o.	Poland
374	Mercer (Portugal) Lda	Portugal
375	Mercer (Singapore) Pte. Ltd.	Singapore
376	Mercer (Sweden) AB	Sweden
377	Mercer (Taiwan) Ltd.	Taiwan
378	Mercer (Thailand) Ltd.	Thailand
379	Mercer (US) Inc.	United States
380	Mercer Administration Services (Australia) Pty Limited	Australia
381	Mercer Africa Limited	United Kingdom
382	Mercer Asesores de Seguros S.A.	Argentina
383	Mercer Broking Ltd.	Taiwan
384	Mercer Career, Unipessoal Lda	Portugal
385	Mercer Consultation (Quebec) Ltee.	Canada
386	Mercer Consulting (Australia) Pty Ltd	Australia
387	Mercer Consulting (Chile) Limitada	Chile
388	Mercer Consulting (France) SAS	France
389	Mercer Consulting (India) Private Limited	India
390	Mercer Consulting B.V.	Netherlands
391	Mercer Consulting Group, Inc.	United States
392	Mercer Consulting Holdings Sdn. Bhd.	Malaysia
393	Mercer Consulting Limited	United Kingdom
394	Mercer Consulting Middle East Limited	United Arab Emirates
395	Mercer Consulting Venezuela, C.A.	Venezuela, Bolivarian Republic of
396	Mercer Consulting, S.L.U.	Spain
397	Mercer Corredores de Seguros Limitada	Chile
398	Mercer Corretora de Seguros Ltda	Brazil
399	Mercer Danismanlik Anonim Sirketi	Turkey
400	Mercer Deutschland GmbH	Germany
401	Mercer Employee Benefits - Medicacao de Seguros Unipessoal Lda.	Portugal
402	Mercer Employee Benefits Limited	United Kingdom
403	Mercer Financial Advice (Australia) Pty Ltd	Australia
404	Mercer Financial Services Limited	Ireland
405	Mercer Financial Services Limited liability company	Morocco
406	Mercer Financial Services Middle East Limited	United Arab Emirates
407	Mercer Global Investments Canada Limited	Canada

408	Mercer Global Investments Europe Limited	Ireland
409	Mercer Global Investments Management Limited	Ireland
410	Mercer Health & Benefits (Singapore) Pte. Ltd.	Singapore
411	Mercer Health & Benefits Administration LLC	United States
412	Mercer Health & Benefits LLC	United States
413	Mercer Holdings, Inc.	United States
414	Mercer Holdings, Inc. [Philippines]	Philippines
415	Mercer HR Consulting Borrower LLC	United States
416	Mercer HR Services, LLC	United States
417	Mercer Human Resource Consulting Ltda	Brazil
418	Mercer Human Resource Consulting S.A. de C.V.	Mexico
419	Mercer ICC Limited	Guernsey
420	Mercer Investment Consulting Limited	Ireland
421	Mercer Investment Consulting LLC	United States
422	Mercer Investment Management, Inc.	United States
423	Mercer Investment Solutions (Singapore) Pte. Ltd.	Singapore
424	Mercer Investment Solutions Ltd.	Japan
425	Mercer Investments (Australia) Limited	Australia
426	Mercer Investments (Hong Kong) Limited	Hong Kong
427	Mercer Investments (Japan), Ltd	Japan
428	Mercer Investments (New Zealand) Limited	New Zealand
429	Mercer Ireland Holdings Limited	Ireland
430	Mercer Italia Srl Socio Unico	Italy
431	Mercer Japan Ltd.	Japan
432	Mercer Korea Co. Ltd.	Korea, Republic of
433	Mercer Limited	United Kingdom
434	Mercer LLC	United States
435	Mercer Master Trustees Limited	Ireland
436	Mercer Mauritius Ltd.	Mauritius
437	Mercer MC Consulting Borrower LLC	United States
438	Mercer Oliver Wyman Holding B.V.	Netherlands
439	Mercer Outsourcing (Australia) Pty Ltd	Australia
440	Mercer Outsourcing, S.L.U.	Spain
441	Mercer Pensionsfonds AG	Germany
442	Mercer Pensionsraadgivning A/S	Denmark
443	Mercer Philippines, Inc.	Philippines
444	Mercer Private Investment Partners IV General Partner S.a.r.l.	Luxembourg
445	Mercer Private Markets Advisers (US) AG	Switzerland
446	Mercer Private Markets AG	Switzerland
447	Mercer Services Poland Sp. z.o.o.	Poland
448	Mercer Sigorta Brokerligi Anonim Sirketi	Turkey
449	Mercer South Africa (Pty) Limited	South Africa
450	Mercer Superannuation (Australia) Limited	Australia
451	Mercer Switzerland Inc.	Switzerland
452	Mercer System Services LLC	United States
453	Mercer Technology Acquisitions Limited	United Kingdom

454	Mercer Treuhand GmbH	Germany
455	Mercer Trust Company, LLC	United States
456	Mercer Trustees Limited	Ireland
457	Mercer Trustees Limited	United Kingdom
458	Mercer WorkforcePro LLC	United States
459	Mercer, Agente de Seguros, S.A. de C.V.	Mexico
460	Mercury Insurance Services Pty Ltd	Australia
461	MM Risk Services Pty Ltd (for dissolution)	Australia
462	MMA Mid-Atlantic Employee LLC	United States
463	MMA Securities LLC	United States
464	MMB Consultores S.A.	Argentina
465	MMC (Singapore) Holdings Pte. Ltd.	Singapore
466	MMC 28 State Street Holdings Inc.	United States
467	MMC Borrower LLC	United States
468	MMC Brazilian Holdings B.V.	Netherlands
469	MMC Capital, Inc.	United States
470	MMC Cascade Regional Holdings, LLC	United States
471	MMC France Holdings (Luxembourg) S.a.r.l.	Luxembourg
472	MMC GP III, Inc.	United States
473	MMC Group Services sp. z o.o.	Poland
474	MMC Holdings (Australia) Pty Ltd	Australia
475	MMC Holdings (New Zealand) ULC	New Zealand
476	MMC Holdings (UK) Limited	United Kingdom
477	MMC International Finance (Barbados) SRL	Barbados
478	MMC International Holdings LLC	United States
479	MMC International Limited	United Kingdom
480	MMC International Treasury Centre Limited	United Kingdom
481	MMC Middle East Holdings Limited	United Kingdom
482	MMC Poland Holdings B.V.	Netherlands
483	MMC Realty, Inc.	United States
484	MMC Regional Asia Holdings B.V.	Netherlands
485	MMC Regional Caribbean Holdings, Ltd.	Bermuda
486	MMC Regional Europe Holdings B.V.	Netherlands
487	MMC Regional LATAM Holdings B.V.	Netherlands
488	MMC Securities (Europe) Limited	United Kingdom
489	MMC Securities LLC	United States
490	MMC Treasury Holdings (UK) Limited	United Kingdom
491	MMC UK Group Limited	United Kingdom
492	MMC UK Pension Fund Trustee Limited	United Kingdom
493	MMOW Limited	United Kingdom
494	MMRC LLC	United States
495	Mountlodge Limited	United Kingdom
496	MOW Holding LLC	United States
497	MPIP III GP LLC	United States
498	MPIP IV GP LLC	United States
499	Muir Beddal (Zimbabwe) Limited	Zimbabwe

500	National Economic Research Associates, Inc.	United States
501	National Economic Research Associates, Inc.	United States
502	NERA Australia Pty. Ltd.	Australia
503	NERA do Brasil Ltda. (for dissolution)	Brazil
504	NERA Economic Consulting GmbH	Germany
505	NERA Economic Consulting Limited	New Zealand
506	NERA S.R.L.	Italy
507	NERA SAS	France
508	NERA UK Limited	United Kingdom
509	NetComp Insurance Corp.	United States
510	Neuburger Noble Lowndes GmbH	Germany
511	Normandy Reinsurance Company Limited	Bermuda
512	Northern Alliance Brokers Limited	United Kingdom
513	OKD Insurance Brokers Limited	United Kingdom
514	Oliver Wyman (Bermuda) Limited	Bermuda
515	Oliver Wyman (Hong Kong) Limited	Hong Kong
516	Oliver Wyman AB	Sweden
517	Oliver Wyman Actuarial Consulting, Inc.	United States
518	Oliver Wyman AG	Switzerland
519	Oliver Wyman B.V.	Netherlands
520	Oliver Wyman Consulting (Shanghai) Ltd	China
521	Oliver Wyman Consulting Limited (in liquidation)	United Kingdom
522	Oliver Wyman Consultoria em Estrategia de Negocios Ltda.	Brazil
523	Oliver Wyman Energy Consulting Limited	United Kingdom
524	Oliver Wyman Energy Group Limited	United Kingdom
525	Oliver Wyman Energy Holdings Limited	United Kingdom
526	Oliver Wyman Energy US Limited	United Kingdom
527	Oliver Wyman FZ-LLC	United Arab Emirates
528	Oliver Wyman GmbH	Germany
529	Oliver Wyman Group KK	Japan
530	Oliver Wyman Limited	United Kingdom
531	Oliver Wyman Limited Liability Company	Greece
532	Oliver Wyman LLC	Russian Federation
533	Oliver Wyman Ltd.	Korea, Republic of
534	Oliver Wyman Pte. Ltd.	Singapore
535	Oliver Wyman Pty. Ltd.	Australia
536	Oliver Wyman S.A.S.	Colombia
537	Oliver Wyman S.L.	Spain
538	Oliver Wyman S.r.l.	Italy
539	Oliver Wyman SAS	France
540	Oliver Wyman Sdn. Bhd.	Malaysia
541	Oliver Wyman Services Limited	United Kingdom
542	Oliver Wyman Servicios, S. de R.L. de C.V.	Mexico
543	Oliver Wyman SNC	France
544	Oliver Wyman sp. z o.o.	Poland
545	Oliver Wyman SPRL/BVBA	Belgium

546	Oliver Wyman, Inc.	United States
547	Oliver Wyman, S. de R.L. de C.V.	Mexico
548	Oliver, Wyman Limited/Oliver, Wyman limitee	Canada
549	Omega Indemnity (Bermuda) Limited	Bermuda
550	Online Benefits Limited	United Kingdom
551	Organizacion Brockman y Schuh S.A. de C.V.	Mexico
552	Osbornes Insurances Oxford Limited (in liquidation)	United Kingdom
553	Pallas Marsh Servicos Ltda.	Brazil
554	Pavilion Alternatives Group Limited	United Kingdom
555	Pavilion Financial Corporation Holdings UK Limited	United Kingdom
556	Pension Trustees Limited	United Kingdom
557	Pensionsservice Benefit Network Sverige AB	Sweden
558	Perils AG	Switzerland
559	PFT Limited	United Kingdom
560	PI Indemnity Company, Designated Activity Company	Ireland
561	Potomac Insurance Managers, Inc.	United States
562	Professional Claims Handling Limited (in liquidation)	United Kingdom
563	Promerit AG	Germany
564	Promerit Hungary Kft	Hungary
565	Promerit Schweiz AG	Switzerland
566	PT Marsh Indonesia	Indonesia
567	PT Marsh Reinsurance Brokers Indonesia	Indonesia
568	PT Mercer Indonesia	Indonesia
569	PT Oliver Wyman Indonesia	Indonesia
570	PT Quantum Computing Services	Indonesia
571	PT Quantum Investments	Indonesia
572	PT Quantum Support Services	Indonesia
573	Pymetrics, Inc.	United States
574	R G Ford Brokers (Essex) Limited	United Kingdom
575	R G Ford Brokers Limited	United Kingdom
576	R R B Beratungsgesellschaft fuer Altersversorgung mbh	Germany
577	R. Mees & Zoonen Holdings B.V.	Netherlands
578	realright GmbH	Germany
579	Regional Insurance Group Limited	United Kingdom
580	Resource Benefit Associates	Nigeria
581	Rightpath Reinsurance SPC, Ltd.	Cayman Islands
582	Rivers Group Limited	United Kingdom
583	Rockefeller Risk Advisors, Inc.	United States
584	Rutherfoord International, Inc.	United States
585	SAFCAR-Marsh	Mali
586	SBJ Holdings Limited	United Kingdom
587	SBJ Stephenson Group Limited	United Kingdom
588	SCIB (Bermuda) Limited	Bermuda
589	SCM Global Real Estate Select GP LLC	United States
590	SCM Infrastructure General Partner S.a r.l.	Luxembourg
591	SCM International Private Equity Select III GP LLC	United States

592	SCM LT General Partner S.a.r.l.	Luxembourg
593	SCM PE General Partner S.a.r.l.	Luxembourg
594	SCM PE II GP Ltd.	Guernsey
595	SCM PE II Scotland GP Ltd	United Kingdom
596	SCM Strategic Capital Management (Luxembourg) S.a.r.l.	Luxembourg
597	Seabury & Smith Borrower LLC	United States
598	Seabury & Smith LLC	United States
599	Sedgwick (Holdings) Pty. Limited	Australia
600	Sedgwick Consulting Group Limited	United Kingdom
601	Sedgwick Dineen Group Limited	Ireland
602	Sedgwick Financial Services Limited	United Kingdom
603	Sedgwick Forbes Middle East Limited	Jersey
604	Sedgwick Group (Australia) Pty. Limited	Australia
605	Sedgwick Group (Bermuda) Limited	Bermuda
606	Sedgwick Group (Zimbabwe) Limited	Zimbabwe
607	Sedgwick Group Limited	United Kingdom
608	Sedgwick Internationaal B.V.	Netherlands
609	Sedgwick Limited	United Kingdom
610	Sedgwick Management Services (Barbados) Limited	Barbados
611	Sedgwick Management Services (Singapore) Pte Limited	Singapore
612	Sedgwick Noble Lowndes (UK) Limited	United Kingdom
613	Sedgwick Noble Lowndes Group Limited	United Kingdom
614	Sedgwick Noble Lowndes Limited	United Kingdom
615	Sedgwick Overseas Investments Limited	United Kingdom
616	Sedgwick Private Limited	Singapore
617	Sedgwick Re Asia Pacific (Consultants) Pte Ltd (for dissolution)	Singapore
618	Sedgwick Trustees Limited	United Kingdom
619	Sedgwick UK Risk Services Limited	United Kingdom
620	Sedgwick Ulster Pension Trustees Limited	United Kingdom
621	Settlement Trustees Limited	United Kingdom
622	Shanghai Mercer Insurance Brokers Company Ltd.	China
623	Shorewest Insurance Associates, LLC	United States
624	SICAR Marsh S.a.r.l.	Burkina Faso
625	Sirota Asia Pacific Pte. Ltd.	Singapore
626	Sirota Consulting UK Limited	United Kingdom
627	Smart Insurance Service Co., Ltd.	Korea, Republic of
628	SME Insurance Services Limited	United Kingdom
629	Smith Long Term Disability Management Group, Inc.	United States
630	Societe d'Assurances et de Participation Guian SA	France
631	Software Underwriting Systems Limited (in liquidation)	United Kingdom
632	Southern Marine & Aviation Underwriters, Inc.	United States
633	Southern Marine & Aviation, Inc.	United States
634	Sudzucker Versicherungs-Vermittlungs GmbH	Germany
635	Talent Tech Labs, LLC	United States
636	TBX Solutions Limited	United Kingdom
637	The Benefit Express Holdings Limited	United Kingdom

638	The Benefit Express Limited	United Kingdom
639	The Carpenter Management Corporation	United States
640	The Insurance Partnership Holdings Limited	United Kingdom
641	The Insurance Partnership Services Limited	United Kingdom
642	The Positive Ageing Company Limited	United Kingdom
643	The Purple Partnership Limited	United Kingdom
644	Think Big I Limited	United Kingdom
645	Thomsons Online Benefits (HK) Ltd.	Hong Kong
646	Thomsons Online Benefits Inc.	United States
647	Thomsons Online Benefits Limited	United Kingdom
648	Thomsons Online Benefits Pte Ltd.	Singapore
649	Thomsons Online Benefits S.R.L	Romania
650	Torrent Government Contracting Services, LLC	United States
651	Torrent Insurance Services, LLC	United States
652	Torrent Technologies, Inc.	United States
653	Tower Hill Limited	United Kingdom
654	Tower Place Developments (West) Limited	United Kingdom
655	Tower Place Developments Limited	United Kingdom
656	U.T.E. AMG	Spain
657	U.T.E. Marsh - Caja Castilla La Mancha Junta de Comunidades	Spain
658	U.T.E. Marsh - Salvado Reus (in liquidation)	Spain
659	U.T.E. Marsh - Salvado Reus 2012	Spain
660	U.T.E. Marsh - Salvado Vila-Seca 2010	Spain
661	UAD BB Marsh Lietuva	Lithuania
662	Vezina & Associes Inc.	Canada
663	Vezina Assurances Inc.	Canada
664	Victor Insurance Europe B.V.	Netherlands
665	Victor Insurance Holdings Inc.	United States
666	Victor Insurance Italia S.r.l.	Italy
667	Victor O. Schinnerer & Co. (Bermuda), Ltd.	Bermuda
668	Victor O. Schinnerer & Company Limited	United Kingdom
669	Victor O. Schinnerer & Company, Inc.	United States
670	Victoria Hall Company Limited	Bermuda
671	William M. Mercer (Canada) Limited/William M. Mercer (Canada) Limitee	Canada
672	William M. Mercer AB	Sweden
673	William M. Mercer Comercio, Consultoria e Servicos Ltda.	Brazil