EX-21.1 4 mmc123122ex_211.htm LIST OF SUBSIDIARIES OF MMC
Exhibit 21.1
Marsh & McLennan Companies, Inc. List of Subsidiaries as of February 13, 2023

| Company Name | Country
1 | 8WORKS LTD | United Kingdom
2 | A. Constantinidi & CIA. S.C. | Uruguay
3 | Access Equity Enhanced Fund GP, LLC | United States
4 | AFCO Premium Acceptance, Inc. | United States
5 | AFCO Premium Credit LLC | United States
6 | Agnew Higgins Pickering & Co. (Bermuda) Ltd | Bermuda
7 | Al Heloul Al Mushrikah Lestisharat Alamal | Jordan
8 | Aldgate Trustees Ltd | United Kingdom
9 | Alpha Consultants Limited | New Zealand
10 | Alta SA | Chile
11 | Altius Associates GP Ltd | Guernsey
12 | Altius Associates Special Partners GP Limited | Guernsey
13 | Altius Client (GP) II LLC | United States
14 | Altius Client (GP) LLC | United States
15 | Altius Client JP Limited | Cayman Islands
16 | Altius Real Assets (GP) LLC | United States
17 | Altius Real Assets Management S.a.r.l (GP) (Luxembourg) | Luxembourg
18 | Amal Insurance Brokers Limited (in liquidation) | Saudi Arabia
19 | Annison 18 (RF) Proprietary Limited | South Africa
20 | Assur Conseils Marsh S.A. | Senegal
21 | Assurance Services Corporation | United States
22 | Avascent Canada ULC | Canada
23 | BenPool Re IC | United States
24 | Best Insurance, Inc. | Japan
25 | Best Insurance, Inc. (Fukouka Branch) |
26 | Best Insurance, Inc. (Fukuyama Branch) |
27 | Best Insurance, Inc. (Hiroshima Branch) |
28 | Best Insurance, Inc. (Nara Branch) |
29 | Best Insurance, Inc. (Okayama Branch) |
30 | BHM Consultores S.A. | Chile
31 | Blue Marble Micro Limited | United Kingdom
32 | Blue Marble Microinsurance, Inc. | United States
33 | Bluefin Insurance Group Limited | United Kingdom
34 | Bluefin Insurance Services Limited | United Kingdom
35 | Boulder Claims, LLC | United States
36 | Bowring (Bermuda) Investments Ltd. | Bermuda
37 | Bowring Marsh (Bermuda) Ltd. | Bermuda
38 | Bowring Marsh (Hong Kong) Limited | Hong Kong
39 | Calm Treasury Holdings Limited | United Kingdom
40 | Calm Treasury Services (Barbados) SRL | Barbados
41 | Carpenter Marsh Fac Argentina Corredores de Reaseguros SA | Argentina
42 | Carpenter Marsh Fac Brasil Corretora de Resseguros Ltda | Brazil
43 | Carpenter Marsh Fac Chile Corredores de Reaseguros Limitada | Chile
44 | Carpenter Marsh Fac Colombia Corredores de Reaseguros S.A. | Colombia
45 | Carpenter Marsh Fac Peru Corredores de Reaseguros S.A.C. | Peru
46 | Carpenter Marsh Fac Re LLC | United States
47 | Carpenter Turner Cyprus Ltd | Cyprus
48 | Carpenter Turner S.A. | Greece
49 | Cascade Regional Holdings Limited | United Kingdom

Exhibit 21.1

50 | Central Insurance Services Limited | United Kingdom
51 | Chartwell Healthcare Limited | United Kingdom
52 | Clark Thomson Insurance Brokers Limited | United Kingdom
53 | Client Provide Limited | New Zealand
54 | Consultores 2020 C.A. | Venezuela, Bolivarian Republic of
55 | Continental Owner Operators Insurance Services, Inc. | United States
56 | CPRM Limited | United Kingdom
57 | Darwin Technologies Holdings Limited | United Kingdom
58 | Darwin Technologies Limited | United Kingdom
59 | Darwin Technologies S.R.L. | Romania
60 | Deasterra Partners, S.L. | Spain
61 | Deasterra Services, S.L. | Spain
62 | DeLima Marsh S.A. - Los Corredores de Seguros S.A. | Colombia
63 | DVA - Deutsche Verkehrs-Assekuranz-Vermittlungs GmbH | Germany
64 | Echelon Australia Pty Limited | Australia
65 | Echelon Claims Consultants Sdn Bhd | Malaysia
66 | EnBW Versicherungs Vermittlung GmbH | Germany
67 | English Pension Trustees Limited | United Kingdom
68 | Epsilon (US) Insurance Company | United States
69 | Epsilon Insurance Company, Ltd. | Cayman Islands
70 | Evolve Intelligence Pty Ltd | Australia
71 | Evolve Intelligence Unit Trust |
72 | Exmoor Management Company Limited | Bermuda
73 | Freedom Trust Services Limited | Ireland
74 | Gard Fund General Partner S.a.r.l. | Luxembourg
75 | GC Genesis LLC | United States
76 | Gem Insurance Company Limited | Bermuda
77 | Global Premium Finance Company | United States
78 | Group Promoters Pty Limited | Australia
79 | Guy Carpenter & Cia., S.A. | Spain
80 | Guy Carpenter & Co. Labuan Ltd. | Malaysia
81 | Guy Carpenter & Company AB | Sweden
82 | Guy Carpenter & Company Corredores de Reaseguros SpA | Chile
83 | Guy Carpenter & Company Corretora de Resseguros Ltda. | Brazil
84 | Guy Carpenter & Company GmbH | Germany
85 | Guy Carpenter & Company Gmbh (Austria Branch) |
86 | Guy Carpenter & Company GmbH (Czech Branch) |
87 | Guy Carpenter & Company GmbH (Poland Branch) |
88 | Guy Carpenter & Company GmbH (Switzerland Branch) |
89 | Guy Carpenter & Company GmbH (UK Branch) |
90 | Guy Carpenter & Company Limited | United Kingdom
91 | Guy Carpenter & Company Limited | New Zealand
92 | Guy Carpenter & Company Peru Corredores de Reaseguros S.A.C. | Peru
93 | Guy Carpenter & Company Private Limited | Singapore
94 | Guy Carpenter & Company Proprietary Limited | South Africa
95 | Guy Carpenter & Company Pty. Ltd. | Australia
96 | Guy Carpenter & Company S.A. (Netherlands Branch) |
97 | Guy Carpenter & Company S.r.l. | Italy
98 | Guy Carpenter & Company, Limited | Hong Kong
99 | Guy Carpenter & Company, LLC | United States
100 | Guy Carpenter & Company, LLC (Taiwan Branch) |
101 | Guy Carpenter & Company, Ltd./Guy Carpenter & Compagnie, Ltee | Canada
102 | Guy Carpenter & Company, S.A. | Belgium
103 | Guy Carpenter & Company, S.A. | Argentina

Exhibit 21.1

104 | Guy Carpenter & Company, S.A.S. | France
105 | Guy Carpenter (Middle East) Limited | United Arab Emirates
106 | Guy Carpenter Bermuda Ltd. | Bermuda
107 | Guy Carpenter Broking, Inc. | United States
108 | Guy Carpenter Colombia Corredores de Reaseguros Ltda. | Colombia
109 | Guy Carpenter Insurance Brokers (Beijing) Co. Ltd. | China
110 | Guy Carpenter Insurance Brokers (Beijing) Co., Ltd (Shanghai Branch) |
111 | Guy Carpenter Japan, Inc. | Japan
112 | Guy Carpenter Mexico Intermediario de Reaseguro, S.A. de C.V. | Mexico
113 | Guy Carpenter Reasurans Brokerligi Anonim Sirketi | Turkey
114 | Guy Carpenter Reinsurance Broker Philippines, Inc. | Philippines
115 | Hamilton Bond Limited | United Kingdom
116 | HAPIP GP 2009, LLC | United States
117 | HAPIP GP, LLC | United States
118 | Hayward Aviation Limited | United Kingdom
119 | HSBC Insurance Brokers International (Abu Dhabi) LLC (in liquidation) | United Arab Emirates
120 | Induslynk Training Services Private Limited | India
121 | Insbrokers Ltda. | Uruguay
122 | InSolutions Limited | United Kingdom
123 | Insure Direct - Jardine Lloyd Thompson Limited | United Arab Emirates
124 | Insure Direct (Brokers) LLC | United Arab Emirates
125 | Insure Direct (Brokers) LLC [BAHRAIN BRANCH] |
126 | InsurTech Alliance, LLC | United States
127 | International Catastrophe Insurance Managers, LLC | United States
128 | International Loss Control Services Limited (In Liquidation) | Ireland
129 | Irish Pensions Trust Limited | Ireland
130 | Isosceles Insurance (Barbados) Limited | Barbados
131 | Isosceles Insurance Ltd | Bermuda
132 | Isosceles PCC Limited | Guernsey
133 | J&H Marsh & McLennan Limited | Hong Kong
134 | J.W. Terrill Benefit Administrators, Inc. | United States
135 | Japan Affinity Marketing, Inc. | Japan
136 | Jardine Lloyd Thompson Limited | Thailand
137 | Jelf Commercial Finance Limited | United Kingdom
138 | Jelf Financial Planning Limited | United Kingdom
139 | Jelf Insurance Brokers Limited | United Kingdom
140 | Jelf Limited | United Kingdom
141 | Jelf Risk Management Limited | United Kingdom
142 | JI Holdings Limited | Mauritius
143 | JIB Group Holdings Limited | United Kingdom
144 | JIB Group Limited | United Kingdom
145 | JIB Holdings (Pacific) Limited | Virgin Islands, British
146 | JIB Overseas Holdings Limited | United Kingdom
147 | JIB UK Holdings Limited | United Kingdom
148 | JLT Advisory Limited | United Kingdom
149 | JLT Advisory Services Limited | India
150 | JLT Asesorias Ltda | Chile
151 | JLT Asia Holdings BV | Netherlands
152 | JLT Chile Holdings SpA | Chile
153 | JLT Colombia Retail Limited | United Kingdom
154 | JLT Colombia Wholesale Limited | United Kingdom
155 | JLT Consultants & Actuaries Limited | United Kingdom
156 | JLT EB Services Limited | United Kingdom
157 | JLT Employee Benefits Holding Company (PTY) LTD | South Africa

Exhibit 21.1

158 | JLT Financial Planning Limited (In Liquidation) | Ireland
159 | JLT Group Holdings Limited | United Kingdom
160 | JLT Group Services Pty Limited | Australia
161 | JLT Holdings (Barbados) Ltd | Barbados
162 | JLT Holdings (Bermuda) Ltd. | Bermuda
163 | JLT Independent Consultancy Services Private Limited | India
164 | JLT Insurance Brokers Ireland Limited (In Liquidation) | Ireland
165 | JLT Insurance Brokers Limited | Hong Kong
166 | JLT Insurance Brokers Limited (Macao Branch) | Macao
167 | JLT Insurance Brokers SA | Argentina
168 | JLT Insurance Group Holdings Ltd | United Kingdom
169 | JLT Intellectual Property [UK Branch] | United Kingdom
170 | JLT Intellectual Property Limited | Ireland
171 | JLT Investment Management Limited | United Kingdom
172 | JLT LATAM (Southern Cone) Wholesale Limited | United Kingdom
173 | JLT Latin American Holdings Limited | United Kingdom
174 | JLT Life Assurance Brokers Limited | Thailand
175 | JLT Management Pte. Ltd. | Singapore
176 | JLT Management Services Limited | United Kingdom
177 | JLT Mexico Holdings Limited | United Kingdom
178 | JLT Mexico, Intermediario de Reaseguro, S.A. de C.V. | Mexico
179 | JLT Pension Trustees Ireland Limited (In Liquidation) | Ireland
180 | JLT Pensions Administration Limited | United Kingdom
181 | JLT Peru Reinsurance Solutions Limited | United Kingdom
182 | JLT Peru Retail Limited | United Kingdom
183 | JLT Peru Wholesale Limited | United Kingdom
184 | JLT QFM Services Limited | Ireland
185 | JLT Re Argentina Corredores de Reaseguros S.A.U. | Argentina
186 | JLT Re Limited | United Kingdom
187 | JLT Re Pty Ltd | Australia
188 | JLT Reinsurance Brokers Limited | United Kingdom
189 | JLT Risk Solutions Pty Ltd | Australia
190 | JLT SA IB Holdings Company Proprietary Limited | South Africa
191 | JLT Singapore Holdings Pte. Ltd. | Singapore
192 | JLT Specialty (SWISS Branch) | Switzerland
193 | JLT Specialty Limited | United Kingdom
194 | JLT Specialty Pte. Ltd (Hong Kong branch) |
195 | JLT Specialty Pte. Ltd. | Singapore
196 | JLT Towner Insurance Management (Anguilla) Limited | Anguilla
197 | JLT Trust Services (Barbados) Ltd | Barbados
198 | JLT UK Investment Holdings Limited | United Kingdom
199 | JLT Vantage Risk and Benefit Consulting Private Limited | India
200 | JLT Wealth Management Limited | United Kingdom
201 | JMIB Holdings BV | Netherlands
202 | Johnson & Higgins (Bermuda) Limited | Bermuda
203 | JSC "Marsh - consulting services" | Russian Federation
204 | Kepler Associates Limited | United Kingdom
205 | Kessler & Co AG | Switzerland
206 | Kessler & Co Inc. | Liechtenstein
207 | Kessler Consulting Inc. | Switzerland
208 | Kessler Prevoyance Inc. | Switzerland
209 | KFAS GP S.a.r.l. | Luxembourg
210 | Lambert Brothers Brokers (Employee Benefits) Limited | Hong Kong
211 | Lambert Brothers Holdings Limited | Hong Kong

Exhibit 21.1

212 | Lambert Brothers Insurance Brokers (Hong Kong) Ltd | Hong Kong
213 | Lavaretus Underwriting AB | Sweden
214 | Lavaretus Underwriting AB (BRANCH - Finland) | Finland
215 | MACC Asistencias SpA | Chile
216 | MAG SpA | Italy
217 | Malcolm Investment Holdings Limited | Barbados
218 | Mangrove Cell 5 IC | United States
219 | Mangrove Cell 6 IC | United States
220 | Mangrove Delaware Insurance Solutions Inc | United States
221 | Mangrove Insurance Europe PCC Limited | Malta
222 | Mangrove Insurance Guernsey PCC Limited | Guernsey
223 | Mangrove Insurance Solutions PCC Limited | Isle of Man
224 | Mangrove Insurance Solutions, PCC | United States
225 | Marine, Aviation & General (London) Limited | United Kingdom
226 | Marley Eternit Fund General Partner S.a.r.l. | Luxembourg
227 | Marsh & McLennan (PNG) Limited | Papua New Guinea
228 | Marsh & McLennan Agencies AS | Norway
229 | Marsh & McLennan Agencies Limited | Hong Kong
230 | Marsh & McLennan Agency Limited | New Zealand
231 | Marsh & McLennan Agency LLC | United States
232 | Marsh & McLennan Agency Pty Ltd. | Australia
233 | Marsh & McLennan Asia Business Services Sdn. Bhd. | Malaysia
234 | Marsh & McLennan Colombia S.A.S | Colombia
235 | Marsh & McLennan Companies Asia Pacific Treasury Center Limited | Hong Kong
236 | Marsh & McLennan Companies Finance Center (Luxembourg) S.a.r.l. | Luxembourg
237 | Marsh & McLennan Companies Finance Center (Luxembourg) S.a.r.l. (Barbados Branch) |
238 | Marsh & McLennan Companies France S.A.S. | France
239 | Marsh & McLennan Companies Holdings (Luxembourg) S.a.r.l. | Luxembourg
240 | Marsh & McLennan Companies UK Limited | United Kingdom
241 | Marsh & McLennan Companies, Inc. | United States
242 | Marsh & McLennan Companies, Inc. (UK Establishment) |
243 | Marsh & McLennan Deutschland GmbH | Germany
244 | Marsh & McLennan Europe S.a.r.l. | Luxembourg
245 | Marsh & McLennan Europe S.a.r.l. (Barbados Branch) |
246 | Marsh & McLennan Finance Unlimited Company | Ireland
247 | Marsh & McLennan Global Broking (Bermuda) Ltd. | Bermuda
248 | Marsh & McLennan Global Services India Pvt. Ltd. | India
249 | Marsh & McLennan Holding GmbH | Germany
250 | Marsh & McLennan Holdings (Canada) ULC | Canada
251 | Marsh & McLennan Innovation Centre Limited | Ireland
252 | Marsh & McLennan Insurance Services Limited | Hong Kong
253 | Marsh & McLennan Ireland Limited | Ireland
254 | Marsh & McLennan Management Services (Bermuda) Limited | Bermuda
255 | Marsh & McLennan Risk Capital Holdings, Ltd. | United States
256 | Marsh & McLennan Servicios, S.A. De C.V. | Mexico
257 | Marsh & McLennan Shared Services Canada Limited | Canada
258 | Marsh & McLennan Shared Services, LLC | United States
259 | Marsh (Bahrain) Company WLL | Bahrain
260 | Marsh (Beijing) Risk Management Consulting Co., Ltd. | China
261 | Marsh (China) Insurance Brokers Co., Ltd. | China
262 | Marsh (China) Insurance Brokers Co., Ltd. (Chengdu Branch) |
263 | Marsh (China) Insurance Brokers Co., Ltd. (Guangdong Branch) |
264 | Marsh (China) Insurance Brokers Co., Ltd. (Hebei Branch) |
265 | Marsh (China) Insurance Brokers Co., Ltd. (Hefei Branch) |

Exhibit 21.1

266 | Marsh (China) Insurance Brokers Co., Ltd. (Jiangsu Branch) |
267 | Marsh (China) Insurance Brokers Co., Ltd. (Liaoning Branch) |
268 | Marsh (China) Insurance Brokers Co., Ltd. (Shandong Branch) |
269 | Marsh (China) Insurance Brokers Co., Ltd. (Shanghai Branch) |
270 | Marsh (China) insurance Brokers Co., Ltd. (Shenzhen Branch) |
271 | Marsh (China) Insurance Brokers Co., Ltd. (Tianjin Branch) |
272 | Marsh (China) Insurance Brokers Co., Ltd. (Xiamen Branch) |
273 | Marsh (Hong Kong) Limited | Hong Kong
274 | Marsh (Insurance Brokers) LLP | Kazakhstan
275 | Marsh (Malawi) Limited | Malawi
276 | Marsh (Middle East) Limited | United Kingdom
277 | Marsh (Middle East) Limited (Abu Dhabi Branch) |
278 | Marsh (Middle East) Limited (Egypt Rep Office) |
279 | Marsh (Middle East) Limited (Iraq Branch) |
280 | Marsh (Namibia) Proprietary Limited | Namibia
281 | Marsh (Singapore) Pte. Ltd. | Singapore
282 | Marsh (Singapore) Pte. Ltd. (Myanmar Rep Office) |
283 | Marsh A/S | Denmark
284 | Marsh AB | Sweden
285 | Marsh Advantage Insurance Pty Ltd. | Australia
286 | Marsh Advisory S.A.C. | Peru
287 | Marsh Advisory S.r.l. | Italy
288 | Marsh Advisory Services S.R.L. | Romania
289 | Marsh Africa (Pty) Ltd | South Africa
290 | Marsh AG | Switzerland
291 | Marsh Argentina S.R.L. | Argentina
292 | Marsh AS | Norway
293 | Marsh Associates Proprietary Limited | South Africa
294 | Marsh Austria G.m.b.H. | Austria
295 | Marsh B.V. | Netherlands
296 | Marsh Botswana (Proprietary) Limited | Botswana
297 | Marsh Brockman y Schuh, Agente de Seguros y de Fianzas, S.A. de C.V. | Mexico
298 | Marsh Broker de Asigurare-Reasigurare S.R.L. | Romania
299 | Marsh Broker Japan, Inc. | Japan
300 | Marsh Brokers (Hong Kong) Limited | Hong Kong
301 | Marsh Canada Limited/Marsh Canada Limitee | Canada
302 | Marsh Company Management Services Cayman Ltd. | Cayman Islands
303 | Marsh Corporate Services (Barbados) Limited | Barbados
304 | Marsh Corporate Services Isle of Man Ltd | Isle of Man
305 | Marsh Corporate Services Limited | United Kingdom
306 | Marsh Corporate Services Malta Limited | Malta
307 | Marsh Corretora de Seguros Ltda. | Brazil
308 | Marsh d.o.o. Beograd | Serbia
309 | Marsh d.o.o. za posredovanje u osiguranju | Croatia
310 | Marsh Emirates Consultancy LLC | United Arab Emirates
311 | Marsh Emirates Insurance Brokerage LLC | United Arab Emirates
312 | Marsh Emirates insurance Brokerage LLC (Abu Dhabi Branch) |
313 | Marsh Employee Benefits Limited | Ireland
314 | Marsh Engineering Consulting (Shanghai) Co., Ltd. | China
315 | Marsh EOOD | Bulgaria
316 | Marsh Eurofinance B.V. | Netherlands
317 | Marsh Europe S.A. | Belgium
318 | Marsh Europe S.A. (Romania Permanent Establishment) |
319 | Marsh Europe S.A. (Slovakia Branch) |

Exhibit 21.1

320 | Marsh Europe S.A. (Slovenia Branch) |
321 | Marsh Europe S.A. (Ukraine Branch) |
322 | Marsh FJC International Insurance Brokers Limited | Nigeria
323 | Marsh for Insurance Brokerage S.A.E. | Egypt
324 | Marsh for Insurance Consulting | Egypt
325 | Marsh for Insurance Services - Jordan | Jordan
326 | Marsh Franco Acra, S.A. | Dominican Republic
327 | Marsh GmbH | Germany
328 | Marsh GSC Servicos e Administracao de Seguros Ltda. | Brazil
329 | Marsh Guy Carpenter Reinsurance Brokers Saudi Arabia | Saudi Arabia
330 | Marsh Holding AB | Sweden
331 | Marsh India Insurance Brokers Private Limited | India
332 | Marsh Insurance & Investments LLC | United States
333 | Marsh Insurance Agencies Limited | Hong Kong
334 | Marsh Insurance and Reinsurance Brokers LLC | Azerbaijan
335 | Marsh Insurance Brokers (Macao) Limited | Macao
336 | Marsh Insurance Brokers (Malaysia) Sdn Bhd | Malaysia
337 | Marsh Insurance Brokers AO | Russian Federation
338 | Marsh Insurance Brokers Limited | Cyprus
339 | Marsh Insurance Brokers Limited | Uganda
340 | Marsh Insurance Consulting Saudi Arabia | Saudi Arabia
341 | Marsh International Broking Holdings Limited | United Kingdom
342 | Marsh International Holdings, LLC | United States
343 | Marsh Ireland Brokers Limited | Ireland
344 | Marsh Ireland Brokers Limited (UK Branch) |
345 | Marsh Israel (1999) Ltd. | Israel
346 | Marsh Israel (Holdings) Ltd. | Israel
347 | Marsh Israel Consultants Ltd. | Israel
348 | Marsh Israel Insurance Agency Ltd. | Israel
349 | Marsh Israel International Brokers Ltd. (in liquidation) | Israel
350 | Marsh Japan, Inc. | Japan
351 | Marsh JLT Ireland Holdings Limited | Ireland
352 | Marsh JLT Proprietary Limited | South Africa
353 | Marsh Kft. | Hungary
354 | Marsh Kindlustusmaakler AS | Estonia
355 | Marsh Korea, Inc. | Korea, Republic of
356 | Marsh Limited | United Kingdom
357 | Marsh Limited [Fiji] | Fiji
358 | Marsh Limited [New Zealand] | New Zealand
359 | Marsh Limited [PNG] | Papua New Guinea
360 | Marsh LLC | United States
361 | Marsh LLC [Ukraine] | Ukraine
362 | Marsh LLC Insurance Brokers | Greece
363 | Marsh Lorant, Agente de Seguros y de Fianzas, S.A. de C.V. | Mexico
364 | Marsh Ltd. [Taiwan Branch] |
365 | Marsh Ltd. [Wisconsin] | United States
366 | Marsh Management Services (Barbados) Limited | Barbados
367 | Marsh Management Services (Bermuda) Ltd. | Bermuda
368 | Marsh Management Services (Dublin) Limited | Ireland
369 | Marsh Management Services (MENA) Limited | United Arab Emirates
370 | Marsh Management Services Cayman Ltd. | Cayman Islands
371 | Marsh Management Services Guernsey Limited | Guernsey
372 | Marsh Management Services Inc. | United States
373 | Marsh Management Services Isle of Man Limited | Isle of Man

Exhibit 21.1

374 | Marsh Management Services Labuan Limited | Malaysia
375 | Marsh Management Services Luxembourg S.a.r.l. | Luxembourg
376 | Marsh Management Services Luxembourg S.a.r.l. (Zurich/Switzerland Branch) |
377 | Marsh Management Services Luxembourg, S.a.r.l. (Vaduz/Liechtenstein Branch) |
378 | Marsh Management Services Malta Limited | Malta
379 | Marsh Management Services Singapore Pte. Ltd. | Singapore
380 | Marsh Management Services Sweden AB | Sweden
381 | Marsh Marine & Energy AB | Sweden
382 | Marsh Marine (Pty) Ltd | South Africa
383 | Marsh McLennan (Australia) Pty | Australia
384 | Marsh McLennan Agency A/S | Denmark
385 | Marsh McLennan Alpha Limited | United Kingdom
386 | Marsh Mclennan India Holdings Limited | United Kingdom
387 | Marsh McLennan India Limited | United Kingdom
388 | Marsh McLennan International Treasury Services Pte. Ltd. | Singapore
389 | Marsh McLennan Investment B.V. | Netherlands
390 | Marsh McLennan Morocco | Morocco
391 | Marsh McLennan Regional Colombia Holdings, Ltd. | Bermuda
392 | Marsh McLennan Regional Holdings Limited | United Kingdom
393 | Marsh MEA Ltd | United Arab Emirates
394 | Marsh Medical Consulting GmbH | Germany
395 | Marsh Mercer Holdings (Australia) Pty Ltd | Australia
396 | Marsh Morocco | Morocco
397 | Marsh Oman LLC | Oman
398 | Marsh Oy | Finland
399 | Marsh PB Co., Ltd. | Thailand
400 | Marsh Peru S.A.C. Corredores de Seguros | Peru
401 | Marsh Philippines, Inc. | Philippines
402 | Marsh Proprietary Limited | South Africa
403 | Marsh Pty Ltd | Australia
404 | Marsh Qatar LLC | Qatar
405 | Marsh Resolutions Pty Limited | Australia
406 | Marsh Risk and Consulting Services (Pty) Ltd | Namibia
407 | Marsh Risk Consulting B.V. | Netherlands
408 | Marsh Risk Consulting Limitada | Chile
409 | Marsh Risk Consulting Ltda. | Colombia
410 | Marsh Risk Consulting, S.L. | Spain
411 | Marsh S.A. Corredores De Seguros | Chile
412 | Marsh S.A.S. | France
413 | Marsh S.p.A. | Italy
414 | Marsh s.r.o. | Czech Republic
415 | Marsh s.r.o. | Slovakia
416 | Marsh SA (Luxembourg Branch) |
417 | Marsh SA (UK Branch) |
418 | Marsh SA [Argentina] | Argentina
419 | Marsh SA [Belgium] | Belgium
420 | Marsh SA [Uruguay] | Uruguay
421 | Marsh Saldana Inc. | Puerto Rico
422 | Marsh Saudi Arabia Insurance & Reinsurance Brokers | Saudi Arabia
423 | Marsh Secretarial Services Limited | United Kingdom
424 | Marsh Semusa, S.A. | Panama
425 | Marsh Services Limited | United Kingdom
426 | Marsh Services Spolka z.o.o. | Poland

Exhibit 21.1

427 | Marsh SIA | Latvia
428 | Marsh Sigorta ve Reasurans Brokerligi Anonim Sirketi | Turkey
429 | Marsh Soken, Inc | Japan
430 | Marsh Spolka z.o.o. | Poland
431 | Marsh Takaful Brokers (Malaysia) Sdn Bhd | Malaysia
432 | Marsh Treasury Services Limited | United Kingdom
433 | Marsh Tunisia S.a.r.l. | Tunisia
434 | Marsh USA Borrower LLC | United States
435 | Marsh USA LLC | United States
436 | Marsh Venezuela C.A. Sociedad de Corretaje de Seguros | Venezuela, Bolivarian Republic of
437 | Marsh Vietnam Insurance Broking Company Ltd | Vietnam
438 | Marsh Zambia Limited | Zambia
439 | Marsh, Lda. | Portugal
440 | Marsh, S.A. Mediadores de Seguros | Spain
441 | Matthiessen Assurans AB | Sweden
442 | MedPool Re IC | United States
443 | Mercer (Argentina) S.A.U. | Argentina
444 | Mercer (Australia) Pty Ltd | Australia
445 | Mercer (Austria) GmbH | Austria
446 | Mercer (Belgium) SA-NV | Belgium
447 | Mercer (Canada) Limited Mercer (Canada) limitee | Canada
448 | Mercer (China) Limited | China
449 | Mercer (China) Limited (Beijing Branch) |
450 | Mercer (China) Limited (Guangzhou Branch) |
451 | Mercer (China) Limited (Shanghai Branch) |
452 | Mercer (China) Limited (Shenzhen Branch) |
453 | Mercer (China) Limited (Zhejiang Branch) |
454 | Mercer (Colombia) Ltda (Sucursal Peru/Peru Branch) |
455 | Mercer (Colombia) Ltda. | Colombia
456 | Mercer (Denmark) A/S | Denmark
457 | Mercer (Finland) Oy | Finland
458 | Mercer (France) SAS | France
459 | Mercer (Hong Kong) Limited | Hong Kong
460 | Mercer (Hong Kong) Limited (Macao Branch) |
461 | Mercer (Ireland) Limited | Ireland
462 | Mercer (Malaysia) Sdn. Bhd. | Malaysia
463 | Mercer (N.Z.) Limited | New Zealand
464 | Mercer (Nederland) B.V. | Netherlands
465 | Mercer (Norge) AS | Norway
466 | Mercer (Polska) Sp.z o.o. | Poland
467 | Mercer (Portugal) - Recursos Humanos, Lda | Portugal
468 | Mercer (Singapore) Pte. Ltd. | Singapore
469 | Mercer (Sweden) AB | Sweden
470 | Mercer (Taiwan) Ltd. | Taiwan (Province of China)
471 | Mercer (Thailand) Ltd. | Thailand
472 | Mercer (US) LLC | United States
473 | Mercer Administration Services (Australia) Pty Limited | Australia
474 | Mercer Africa Limited | United Kingdom
475 | Mercer Alternatives (Luxembourg) S.a.r.l. | Luxembourg
476 | Mercer Alternatives AG | Switzerland
477 | MERCER ALTERNATIVES LIMITED | United Kingdom
478 | Mercer Asesores de Seguros S.A. | Argentina
479 | Mercer Asesores es Inversion Independientes S.A. de C.V. | Mexico
480 | Mercer Broking Ltd. | Taiwan (Province of China)

Exhibit 21.1

481 | Mercer Consulting (Australia) Pty Ltd | Australia
482 | Mercer Consulting (Chile) Limitada | Chile
483 | Mercer Consulting (France) SAS | France
484 | Mercer Consulting (India) Private Limited | India
485 | Mercer Consulting Limited | United Kingdom
486 | Mercer Consulting Limited (Saudi Arabia Branch) |
487 | Mercer Consulting Venezuela, C.A. | Venezuela, Bolivarian Republic of
488 | Mercer Consulting, S.L.U. | Spain
489 | Mercer Corredores de Seguros Limitada | Chile
490 | Mercer Danismanlik Anonim Sirketi | Turkey
491 | Mercer Deutschland GmbH | Germany
492 | Mercer Employee Benefits - Mediacao de Seguros Unipessoal Lda. | Portugal
493 | Mercer Employee Benefits Limited | United Kingdom
494 | Mercer Financial Advice (Australia) Pty Ltd | Australia
495 | Mercer Financial Services Limited Liability Company | Morocco
496 | Mercer Financial Services Middle East Limited | United Arab Emirates
497 | Mercer Global Investments Canada Limited Mercer Gestion mondiale d'investissements Canada limitee | Canada
498 | Mercer Global Investments Europe Limited | Ireland
499 | Mercer Global Investments Europe Limited (Germany Branch) |
500 | Mercer Global Investments Europe Limited (Sweden Branch) |
501 | Mercer Global Investments Europe Limited (UK Branch) |
502 | Mercer Global Investments Management Limited | Ireland
503 | Mercer Health & Benefits (Singapore) Pte. Ltd. | Singapore
504 | Mercer Health & Benefits Administration LLC | United States
505 | Mercer Health & Benefits LLC | United States
506 | Mercer Holdings, Inc. [Philippines] | Philippines
507 | Mercer Holdings, LLC | United States
508 | Mercer HR Consulting Borrower LLC | United States
509 | Mercer HR Services, LLC | United States
510 | Mercer Human Resource Consulting Ltda | Brazil
511 | Mercer Human Resource Consulting S.A. de C.V. | Mexico
512 | Mercer ICC Limited | Guernsey
513 | Mercer Infrastructure General Partner S.a.r.l. | Luxembourg
514 | Mercer Investment Management (Shanghai) Co., Ltd | China
515 | Mercer Investment Solutions (Singapore) Pte. Ltd. | Singapore
516 | Mercer Investments (Australia) Limited | Australia
517 | Mercer Investments (HK) Limited | Hong Kong
518 | Mercer Investments (Japan), Ltd | Japan
519 | Mercer Investments LLC | United States
520 | Mercer Ireland Holdings Limited | Ireland
521 | Mercer Italia Societa d'Intermediazione Mobiliare SpA | Italy
522 | Mercer Italia Srl Socio Unico | Italy
523 | Mercer Japan Ltd. | Japan
524 | Mercer Korea Co., Ltd. | Korea, Republic of
525 | Mercer Limited | United Kingdom
526 | Mercer Master Trust No. 1 Designated Activity Company | Ireland
527 | Mercer Master Trust No. 2 Designated Activity Company | Ireland
528 | Mercer Master Trust No. 3 Designated Activity Company | Ireland
529 | Mercer Mauritius Ltd. | Mauritius
530 | Mercer MC Consulting Borrower LLC | United States
531 | Mercer Outsourcing (Australia) Pty Ltd | Australia
532 | Mercer Outsourcing, S.L.U. | Spain
533 | MERCER PE FUND II SCOTLAND LP | United Kingdom

Exhibit 21.1

534 | Mercer PE II GP Ltd | Guernsey
535 | Mercer Pensionsfonds AG | Germany
536 | Mercer Pensionsraadgivning A/S | Denmark
537 | Mercer Philippines, Inc. | Philippines
538 | Mercer Private Investment Partner IV General Partner S.a.r.l. | Luxembourg
539 | Mercer Private Investment Partner V General Partner S.a.r.l. | Luxembourg
540 | Mercer Private Investment Partners VI General Partner S.a.r.l. | Luxembourg
541 | Mercer Private Investment Partners VII General Partner S.a.r.l. | Luxembourg
542 | Mercer Private Markets Advisers (US) AG | Switzerland
543 | Mercer Schweiz AG | Switzerland
544 | Mercer Services Australia Pty Ltd | Australia
545 | Mercer Services Poland Sp. z.o.o. | Poland
546 | Mercer Sigorta Brokerligi Anonim Sirketi | Turkey
547 | Mercer South Africa Proprietary Limited | South Africa
548 | Mercer Superannuation (Australia) Limited | Australia
549 | Mercer System Services LLC | United States
550 | Mercer Treuhand GmbH | Germany
551 | Mercer Trust Company LLC | United States
552 | Mercer Trustees Limited | United Kingdom
553 | Mercer Wealth (India) Private Limited | India
554 | Mercury Insurance Services Pty Ltd | Australia
555 | Mesos Asistencia SpA | Chile
556 | Mesos Corredores de Seguros Ltda | Chile
557 | Mesos Gestion y Servicios S.A. | Chile
558 | MIPP S.a.r.l. | Luxembourg
559 | MIPP VI S.a.r.l. | Luxembourg
560 | MM Asistencias S.A. | Argentina
561 | MMA Asset Management LLC | United States
562 | MMA Securities LLC | United States
563 | MMB Consultores S.A. | Argentina
564 | MMC (Singapore) Holdings Pte. Ltd. | Singapore
565 | MMC Borrower LLC | United States
566 | MMC Brazilian Holdings B.V. | Netherlands
567 | MMC CAPITAL SOLUTIONS LP | United Kingdom
568 | MMC Capital Solutions UK Limited | United Kingdom
569 | MMC Capital Solutions US LLC | United States
570 | MMC Finance (Australia) Limited | United Kingdom
571 | MMC FINANCE (EUROPE) LIMITED | United Kingdom
572 | MMC Finance (Singapore) Limited | United Kingdom
573 | MMC Finance (US) Limited | United Kingdom
574 | MMC Finance Holdings (US) Limited | United Kingdom
575 | MMC FINANCE HOLDINGS LTD | United Kingdom
576 | MMC FINANCE UK LIMITED | United Kingdom
577 | MMC Funding (US) Limited | United Kingdom
578 | MMC Group Services sp. z o.o. | Poland
579 | MMC Holdings (Australia) Pty Ltd | Australia
580 | MMC Holdings (New Zealand) ULC | New Zealand
581 | MMC Holdings (UK) Limited | United Kingdom
582 | MMC International Finance (Barbados) SRL | Barbados
583 | MMC International Holdings LLC | United States
584 | MMC International Limited | United Kingdom
585 | MMC International Treasury Centre Limited | United Kingdom
586 | MMC Management Services Proprietary Limited | South Africa
587 | MMC Middle East Holdings Limited | United Kingdom

Exhibit 21.1

588 | MMC Oliver Wyman Bermuda Ltd. | Bermuda
589 | MMC Poland Holdings B.V. | Netherlands
590 | MMC Regional LATAM Holdings B.V. | Netherlands
591 | MMC Securities (Ireland) Limited | Ireland
592 | MMC Securities Limited | United Kingdom
593 | MMC Securities LLC | United States
594 | MMC ShunTak Insurance Brokers Limited | Hong Kong
595 | MMC ShunTak Insurance Brokers Limited (Macao Branch) | Macao
596 | MMC UK Group Limited | United Kingdom
597 | MMC UK Pension Fund Trustee Limited | United Kingdom
598 | MMOW Limited | United Kingdom
599 | Moola Systems Limited | United Kingdom
600 | Mountlodge Limited | United Kingdom
601 | MPIP III GP LLC | United States
602 | MPIP IV GP LLC | United States
603 | MPIP V GP, LLC | United States
604 | MPIP VI GP, LLC | United States
605 | Muir Beddal (Zimbabwe) Limited | Zimbabwe
606 | National Economic Research Associates, Inc. | United States
607 | National Economic Research Associates, Inc. | United States
608 | National Economic Research Associates, Inc. - Sucursal en Espana (Spain branch ) |
609 | NERA Australia Pty. Ltd. | Australia
610 | NERA Economic Consulting GmbH | Germany
611 | NERA Economic Consulting Limited | New Zealand
612 | NERA S.R.L. | Italy
613 | NERA SAS | France
614 | NERA UK Limited | United Kingdom
615 | NERA UK Limited (Belgium Branch) |
616 | Neuburger Noble Lowndes GmbH | Germany
617 | Normandy Reinsurance Company Limited | Bermuda
618 | Oliver Wyman (Hong Kong) Limited | Hong Kong
619 | Oliver Wyman (Perth) Holdings Pty Ltd | Australia
620 | Oliver Wyman (Perth) Pty Ltd | Australia
621 | Oliver Wyman AB | Sweden
622 | Oliver Wyman Actuarial Consulting, Inc. | United States
623 | Oliver Wyman AG | Switzerland
624 | Oliver Wyman Austria GmbH | Austria
625 | Oliver Wyman B.V. | Netherlands
626 | Oliver Wyman Co., Ltd. | Thailand
627 | Oliver Wyman Consulting (Shanghai) Ltd | China
628 | Oliver Wyman Consulting (Shanghai) Ltd ( Beijing Branch) |
629 | Oliver Wyman Consultoria em Estrategia de Negocios Ltda. | Brazil
630 | Oliver Wyman Energy Consulting Limited | United Kingdom
631 | Oliver Wyman FZ-LLC | United Arab Emirates
632 | Oliver Wyman GmbH | Germany
633 | Oliver Wyman Group KK | Japan
634 | Oliver Wyman Limited | United Kingdom
635 | Oliver Wyman Limited (Abu Dhabi branch) |
636 | Oliver Wyman Limited (India Branch) |
637 | Oliver Wyman Limited (Saudi Arabia Branch) |
638 | Oliver Wyman Limited Liability Company | Greece
639 | Oliver Wyman LLC | Qatar
640 | Oliver Wyman LLC | Russian Federation
641 | Oliver Wyman Ltd. | Korea, Republic of

Exhibit 21.1

642 | Oliver Wyman Proprietary Limited | South Africa
643 | Oliver Wyman Pte. Ltd. | Singapore
644 | Oliver Wyman Pty. Ltd. | Australia
645 | Oliver Wyman S.A.S. | Colombia
646 | Oliver Wyman S.L. | Spain
647 | Oliver Wyman S.r.l. | Italy
648 | Oliver Wyman Sdn. Bhd. | Malaysia
649 | Oliver Wyman Services Limited | United Kingdom
650 | Oliver Wyman Servicios, S. de R.L. de C.V. | Mexico
651 | Oliver Wyman SNC | France
652 | Oliver Wyman sp. z o.o. | Poland
653 | Oliver Wyman SRL | Belgium
654 | Oliver Wyman Thailand Holdings, LLC | United States
655 | Oliver Wyman, LLC | United States
656 | Oliver Wyman, LLC (Hong Kong Establishment) |
657 | Oliver Wyman, S. de R.L. de C.V. | Mexico
658 | Oliver, Wyman Limited/Oliver, Wyman limitee | Canada
659 | Oliver, Wyman Limited/Oliver, Wyman limitee (Barbados Branch) |
660 | Omega Indemnity (Bermuda) Limited | Bermuda
661 | Organizacion Brockman y Schuh S.A. de C.V. | Mexico
662 | Orizon Underwriters SL | Spain
663 | OWL Marine Insurance-Brokers GmbH & Co.KG | Germany
664 | OWL Marine Verwaltungs GmbH | Germany
665 | Pallas Marsh Servicos Ltda. | Brazil
666 | Pavilion Advisory ULC | Canada
667 | Pavilion Financial Corporation Holdings UK Limited | United Kingdom
668 | Pavilion Financial Corporation Holdings US III, LLC | United States
669 | Pavilion U.S. Investments Holdco LLC | United States
670 | Pension Trustees Limited | United Kingdom
671 | Perils AG | Switzerland
672 | PFT Limited | United Kingdom
673 | PI Indemnity Company, Designated Activity Company | Ireland
674 | Private Client Services by Mercer China Limited | China
675 | Private Client Services by Mercer China Limited (Beijing Branch) |
676 | Private Client Services by Mercer China Limited (Guangzhou Branch) |
677 | Private Client Services by Mercer Holdings Pte. Ltd. | Singapore
678 | Private Client Services by Mercer Limited | Hong Kong
679 | Private Client Services by Mercer Pte. Ltd. | Singapore
680 | Private Client Services by Mercer SA | Switzerland
681 | Profund Solutions Limited | United Kingdom
682 | PT Marsh Indonesia | Indonesia
683 | PT Marsh Reinsurance Brokers Indonesia | Indonesia
684 | PT Mercer Indonesia | Indonesia
685 | PT Nexus Asia Pacific | Indonesia
686 | PT Oliver Wyman Indonesia | Indonesia
687 | PT Quantum Computing Services | Indonesia
688 | PT Quantum Investments | Indonesia
689 | PT Quantum Support Services | Indonesia
690 | Pymetrics, Inc. | United States
691 | Rightpath Reinsurance SPC, Ltd. | Cayman Islands
692 | Rivers Group Limited | United Kingdom
693 | Sail Insurance Company Limited | Bermuda
694 | SAM | France
695 | SCIB (Bermuda) Limited | Bermuda

Exhibit 21.1

696 | SCM Global Real Estate Select GP LLC | United States
697 | SCM International Private Equity Select III GP LLC | United States
698 | SCM LT General Partner S.a.r.l. | Luxembourg
699 | SCM PE General Partner S.a.r.l. | Luxembourg
700 | Seabury & Smith Borrower LLC | United States
701 | Seabury & Smith LLC | United States
702 | Sedgwick Financial Services Limited | United Kingdom
703 | Sedgwick Forbes Middle East Limited | Jersey
704 | Sedgwick Group (Zimbabwe) Limited | Zimbabwe
705 | Sedgwick Group Limited | United Kingdom
706 | Sedgwick Internationaal B.V. | Netherlands
707 | Sedgwick Management Services (Barbados) Limited | Barbados
708 | Sedgwick Noble Lowndes (UK) Limited | United Kingdom
709 | Sedgwick Noble Lowndes Limited | United Kingdom
710 | Sedgwick Overseas Investments Limited | United Kingdom
711 | Sedgwick Private Limited | Singapore
712 | Sedgwick Trustees Limited | United Kingdom
713 | Sedgwick Ulster Pension Trustees Limited | United Kingdom
714 | Settlement Trustees Limited | United Kingdom
715 | SF Private Debt General Partner S.a.r.l. | Luxembourg
716 | Shanghai Mercer Insurance Brokers Company Ltd (Beijing Branch) |
717 | Shanghai Mercer Insurance Brokers Company Ltd (Guangzhou Branch) |
718 | Shanghai Mercer Insurance Brokers Company Ltd (Shenzhen Branch) |
719 | Shanghai Mercer Insurance Brokers Company Ltd. | China
720 | Shorewest Insurance Associates, LLC | United States
721 | Sirota Consulting UK Limited | United Kingdom
722 | SME Insurance Services Limited | United Kingdom
723 | Smith Long Term Disability Management Group, Inc. | United States
724 | Societe d'Assurances et de Participation Guian SA | France
725 | Southern Marine & Aviation Underwriters, Inc. | United States
726 | Suedzucker Versicherungs-Vermittlungs GmbH | Germany
727 | SureBuilt Insurance Company IC | United States
728 | The Benefit Express Holdings Limited | United Kingdom
729 | The Carpenter Management Corporation | United States
730 | The Positive Ageing Company Limited | United Kingdom
731 | The Recovre Group Pty Ltd | Australia
732 | Torrent Technologies, Inc. | United States
733 | Tower Hill Limited | United Kingdom
734 | Tower Place Developments (West) Limited | United Kingdom
735 | Tower Place Developments Limited | United Kingdom
736 | U.T.E. AMG | Spain
737 | UAD BB Marsh Lietuva | Lithuania
738 | Vezina Assurances Inc. | Canada
739 | Victor Deutschland GmbH | Germany
740 | Victor Insurance Australia Pty Ltd | Australia
741 | Victor Insurance Europe B.V. | Netherlands
743 | Victor Insurance Italia S.r.l. | Italy
744 | Victor Insurance Managers Inc./Gestionnaires d'assurance Victor inc. | Canada
745 | Victor Insurance Managers LLC | United States
746 | Victor Insurance Pty Ltd | Australia
747 | Victor O. Schinnerer & Company Limited | United Kingdom
748 | Wellnz Limited | New Zealand