Guy Carpenter’s GCFacT Unit Launches Structured Risk Finance Group

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New York, August 7, 2006 – Guy Carpenter & Company, Inc., the leading global risk and reinsurance specialist and a part of the Marsh & McLennan Companies (NYSE: MMC), announced today that its dedicated facultative reinsurance unit, GCFac, has launched a Risk Finance Team to originate, execute and manage structured risk programs.

Led by John Lobek, the London-based team has joined Guy Carpenter from JLT Risk Solutions. The new unit, which will report to Julian Samengo-Turner and Ron Whyte, co-leaders of GCFac, complements and enhances Guy Carpenter’s existing Life and Annuity Specialty Practice.

“The establishment of a dedicated, experienced structured risk finance team within GCFac represents an exciting new direction for us,” said Mr. Samengo-Turner. “It enables us to deliver a wide range of innovative risk finance solutions that set GCFac apart from the competition.”

“We are delighted that these outstanding professionals have chosen Guy Carpenter as their home,” added Mr. Whyte, “and look forward to working closely with them to expand our capabilities and build on our worldwide client base.”

The members of GCFac’s Risk Financing Team are highly regarded in the marketplace, with a 10-year track record of developing new solutions to clients’ complex problems. They have broad expertise in insurance and reinsurance broking, actuarial, modeling and financial analysis, as well as risk finance products, including advanced life insurance and reinsurance solutions, structured insurance and reinsurance, insurer/reinsurer exit strategies, residual value, structured credit and mortgage indemnity.

“Over the years,” said Mr. Lobek, “our team has built a first-class reputation by developing groundbreaking insurance and reinsurance programs. With the full support and structure provided by Guy Carpenter, we expect that we will be even better equipped to address the evolving risk financing needs of major clients who require custom solutions.”

GCFac is the dedicated facultative arm of Guy Carpenter and has over 400 specialists operating in over 28 cities around the world.

About Guy Carpenter & Company, Inc.

Guy Carpenter & Company, Inc. is the world’s leading risk and reinsurance specialist and a part of the Marsh & McLennan Companies, Inc. Guy Carpenter creates and executes reinsurance and risk management solutions for clients worldwide through 2,600 professionals across the globe. The firm’s full breadth of services includes 16 centers of excellence in Accident & Health, Agriculture, Alternative Risk Transfer, Environmental, General Casualty, Investment Banking*, Life & Annuity, Marine & Energy, Professional Liability, Program Manager Solutions, Property, Retrocessional, Structured Risk, Surety, Terror Risk, and Workers Compensation. In addition, Guy Carpenter’s Instrat® unit utilizes industry-leading quantitative skills and modeling tools that optimize the reinsurance decision-making process and help make the firm’s clients more successful. Guy Carpenter’s website address is