Asia PR News

HONG KONG, June 29 /Xinhua-PRNewswire-AsiaNet/ –

New Region to Deliver Highest Growth Within Global Firm

Marsh — the world’s leading risk and insurance specialist — has announced
a global restructure, which includes combining its Asia and Pacific regions.
Through this move Marsh intends that its new Asia Pacific region will deliver
significant growth potential, in the next few years.

"Asia is undoubtedly where the action is and Marsh set forth some time ago
on an ambitious strategy for regional expansion that is on track.

"Deepening our capabilities by combining with the more mature Pacific
market and providing clients with seamless Asia Pacific regional service will
undoubtedly reinforce our dominant position as risk advisers to institutional
clients," says David Batchelor who will lead the newly combined area from a
Hong Kong-base.

According to Marsh, it will also continue to develop its market-leading
advisory practices in specialist risk areas including Private Equity /Mergers
and Acquistions; Environment, Mining, Infrastructure, Terrorism and IPOs.

Marsh’s existing growth strategy for Asia is based on acquisition, new
business, middle market growth and proactive initiatives and will remain.
"Insurance broking is in a new era that focuses on risk management and
providing consulting and advisory services that add value to clients — and
Marsh is embracing this," says Batchelor.

The alignment is positive for Marsh’s colleagues as well as its customers.
"Importantly, the creation of a single region will offer expanded region-wide
opportunities for all colleagues to enhance their learning and professional
development," says Pamela Harrison, Marsh’s HR Director, Asia.

The global realignment simplifies Marsh’s structure to three regions —
Europe, Middle East and Africa, The Americas and Asia Pacific. "Customers will
find us more attractive with a simplified global business streamlined to
provide clients with best-in-front service. They will also appreciate our
improved client reach, resource base and market clout," says Batchelor.

Notes:

— Marsh Inc. is the world’s leading provider of risk management and
insurance broking services to the commercial sector.
— Marsh is part of the Marsh & McLennan Companies, Inc. (MMC) a
Fortune-500 company headquartered in New York with recorded
revenue in 2003 in excess of US$11 billion.

Contact:

Tanya Hughes/ Joyce Hong
Marsh Corporate Communications, Asia
Tel: +852-9778-7339 / +852-2301-7320
Email: Tanya.hughes@marsh.com

SOURCE Marsh