MARSH NAMES BILL HARRISON AND GEOFF MILLS AS PRODUCT RECALL PRACTICE LEADS

New York, January 11, 2010 — Marsh, the world's leading insurance broker and risk advisor, today announced the appointments of Bill Harrison and Geoff Mills as Product Recall Practice Leaders, focusing on providing brokerage services to clients with exposures relating to product recalls and contamination incidents. They join Marsh from Aon, where they worked with clients on managing recall and other product exposures.

The brokerage services offered by Marsh's Product Recall Practice will complement Marsh's industry-leading consulting expertise. Marsh Risk Consulting's Global Product Risk Practice helps organizations assess their recall preparedness and provides state-of-the-art product recall infrastructure in the event of a recall, and its Reputational Risk & Crisis Management Practice helps organizations enhance and protect their brand and reputation before, during, and after an adverse event or crisis, such as a product recall.

Messrs. Harrison and Mills, together with Marsh's Private Equity and Mergers & Acquisitions Practice (PEMA), will also help private equity firms to mitigate product risk when contemplating transactions. Combined, Marsh's brokerage and consulting services in these areas are supported by more than 25 professionals around the world.

"We are pleased to welcome Bill and Geoff to Marsh as leaders of our Product Recall Practice," said Dean Klisura, U.S. Risk Practices Leader. "The addition of these two highly regarded professionals greatly enhances Marsh's transactional capabilities in the product risk area and adds to Marsh's industry-leading capabilities in all aspects of product risk management, including insurance placement, recall planning, and related crisis planning activities."

Marsh's expansion in the product recall space comes at a time when organizations in a number of industries face growing product recall risks. For the year ending December 31, 2009, the U.S. Food and Drug Administration announced more than 900 alerts, withdrawals and recalls for food products, drugs, cosmetics and medical devices. For the year ending, September 30, 2009, the U.S. Consumer Product Safety Commission announced 465 product recalls and assessed $9.8 million in penalties against 38 companies. The CPSC also reported nearly 70 toy-related deaths and more than 500,000 injuries to children under 15 years of age between 2006 and 2008.

"Organizations today—ranging from the pharmaceutical and agriculture industries to packaged foods and toys—face risks beyond what is normally insured under general liability programs," said Mr. Klisura. “The addition of Bill and Geoff, together with the expertise of Marsh Risk Consulting, will allow Marsh to deliver industry-leading brokerage and consulting services to clients as they evaluate and address their financial, business interruption, reputation, and product liability risks."

Messrs. Harrison and Mills have 19 and 20 years of insurance industry experience, respectively. Before joining Aon, they each held a variety of senior management positions in underwriting, program development and reinsurance at AIG. Mr. Mills previously was with Commercial Insurance and London and Edinburgh Insurance, both in London. They will be based in Marsh's Princeton office and report to Mr. Klisura.

Bill Harrison	Geoff Mills

About Marsh
Marsh has over 23,000 employees and provides advice and transactional capabilities to clients in over 100 countries. Marsh is a unit of Marsh & McLennan Companies (MMC), a global professional services firm with approximately 52,000 employees and annual revenue of $11 billion. MMC also is the parent company of Guy Carpenter, the risk and reinsurance specialist; Kroll, the risk consulting firm; Mercer, the provider of HR and related financial advice and services; and Oliver Wyman, the management consultancy. MMC’s stock (ticker symbol: MMC) is listed on the New York, Chicago and London stock exchanges. MMC's Web Site is www.mmc.com.

Media Contacts
Al Modugno
212-345-2448

Anand Poola
212-345-4292

See All Press Releases