Marsh McLennan Names Erburu Non-Exec Board Chair

March 17, 2005

Robert F. Erburu has been named the non-executive chairman of the Board of Directors of Marsh & McLennan Companies Inc., announced the company today.

Erburu has been lead director since Oct. 25, 2004, and has been a member of the MMC Board of Directors since 1996. Erburu was chairman of The Times Mirror Company from 1986 until his retirement in 1996.

MMC also declared a quarterly dividend of $.17 per share on outstanding common stock, payable on May 13, 2005 to shareholders of record on April 7, 2005.

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