Minority Stake in Sedgwick Claims Management Sold

Marsh & McLennan Co Inc
1 November 1999


Contact:         William Pitt                        Jonathan Mast
                 MMC                                 Sedgwick CMS
                 [phone]                      [phone]


             MARSH & McLENNAN COMPANIES SELLS MINORITY STAKE
                 IN SEDGWICK CLAIMS MANAGEMENT SERVICES

MEMPHIS, TENNESSEE, November 1, 1999 - Marsh & McLennan Companies (MMC)
announced today that it has sold a minority share of its subsidiary Sedgwick
Claims Management Services, Inc. (Sedgwick CMS) to Trident II, L.P., a private
equity partnership.

Sedgwick Claims Management Services, Inc. is a claims administration firm
providing casualty, disability and managed care services.  Clients are
serviced by more than 1,400 colleagues in 81 offices nationwide.  Its Web site
address is www.sedgwickcms.com.

Trident II, L.P. is a limited partnership with capital commitments in excess
of $1.25 billion, sponsored by Marsh & McLennan Capital, Inc.  It was
established to make private equity and equity-related investments in the
global insurance, reinsurance and related industries.

MMC is a global professional services firm with annual revenues exceeding $7
billion.  It is the parent company of Marsh, the world's leading risk and
insurance services firm; Putnam Investments, one of the largest investment
management companies in the United States; and Mercer Consulting Group, a
major global provider of consulting services.  More than 50,000 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 Web site address is www.mmc.com.