Marsh & McLennan Companies Applauds Senate Banking Committee Vote To Extend Terrorism Risk Insurance Program

NEW YORK, June 3, 2014 — Marsh & McLennan Companies (NYSE: MMC) issued the following statement today after the Senate Banking Committee approved the Terrorism Risk Insurance Program Reauthorization Act of 2014.

"Marsh & McLennan Companies applauds the Senate Banking Committee’s unanimous approval of legislation extending the Terrorism Risk Insurance Act," said Peter Beshar, the Company’s Executive Vice President and General Counsel. "Today’s bipartisan vote provides clear support for the bill's reform measures, which build on previous reauthorizations in 2005 and 2007."

The Committee’s legislation calls for the Treasury Department to consult with interested parties to refine and improve the program's certification process, which was recommended by the Company in recent testimony before the Senate Banking Committee. The Company is encouraged by today’s vote and looks forward to working with both houses of Congress to reauthorize this vitally important publicprivate partnership.