Appointment of Gary A Beller

Marsh & McLennan Co Inc
12 January 2004


News Release

Media Contacts:                                   Investor Contact:

Barbara Perlmutter    Jim Fingeroth               Mike Bischoff
MMC                   Kekst and Company           MMC
[phone]        [phone]              [phone]


             GARY A. BELLER TO JOIN MMC AS SENIOR LEGAL COUNSEL


NEW YORK, NEW YORK, January 12, 2004 -- Marsh & McLennan Companies, Inc. (MMC)
today announced that it has named Gary A. Beller to the newly created position
of senior legal counsel, effective immediately.  Mr. Beller will be involved in
projects across MMC's businesses, including issues related to its investment
management business.


Mr. Beller, who will report to William L. Rosoff, MMC senior vice president and
general counsel, most recently served as senior executive vice president and
general counsel of MetLife, Inc. In addition to his role as the company's chief
legal officer, his responsibilities during his career at MetLife included its
Law Department, government affairs and industry relations, mergers and
acquisitions, and the company's asset management operations.  He provided
leadership and guidance for MetLife's demutualization and other corporate
initiatives.


Before joining MetLife in 1994, Mr. Beller had a distinguished 26-year career at
American Express, including 16 years as general counsel and 11 years as
executive vice president.


From March to November 1994, Mr. Beller served on the executive team of the U.S.
arm of Metallgesellschaft AG, one of Germany's largest industrial corporations,
to help resolve the complex legal, financial and contractual relationships of a
U.S. subsidiary.


'I am very pleased to welcome Gary to MMC,' said Mr. Rosoff.  'He is a talented
and experienced executive who has held senior management positions in leading
insurance and financial services institutions.  His diverse legal and business
skills and external relationships will be significant assets to MMC and its
operating companies.'


Mr. Beller is past chairman and a member of the board of directors of the
Insurance Marketplace Standards Association, an industry organization committed
to honesty, integrity and high ethical standards, as well as vice chairman and a
board member of the Citizens Crime Commission of New York City and a board
member of the Lenox Hill Neighborhood House, a social services agency helping
those in need.


Mr. Beller earned his B.A. from Cornell University in 1960 and his LL.B (1963)
and LL.M (1972) at New York University.


MMC is a global professional services firm with annual revenues exceeding $10
billion. It is the parent company of Marsh Inc., the world's leading risk and
insurance services firm; Putnam Investments, one of the largest investment
management companies in the United States; and Mercer Inc., a major global
provider of consulting services. Approximately 60,000 employees provide
analysis, advice and transactional capabilities to clients in over 100
countries. Its stock (ticker symbol: MMC) is listed on the New York, Chicago,
Pacific, and London stock exchanges. MMC's website address is www.mmc.com.



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