Marsh Establishes Global Real Estate Practice; Names Jeffrey Alpaugh to Lead Practice

    NEW YORK, April 27 /CNW/ - Marsh Inc., the world's leading risk and
insurance services firm, today announced it has established a Global Real
Estate Practice and appointed Jeffrey S. Alpaugh to lead the Practice.

    Mr. Alpaugh, who reports to James M. Enelow, head of the firm's Industry
Practices, has been with Marsh throughout his 18-year career in insurance and
risk management. During that time, he has held positions of increasing
responsibility in the firm's New York, Los Angeles, and Boston offices,
serving initially as a broker, then becoming global client executive, regional
real estate industry practice leader, and, most recently, regional client
executive practice leader. In his new role, Mr. Alpaugh will bring a global
focus to the firm's extensive real estate capabilities and supporting
resources in every region of the world.

    "As real estate investment firms continue moving toward a global
operating platform, they need advisors that can operate seamlessly and offer
industry insights and service delivery around the world," said Mr. Enelow.
"Under Jeff's leadership, Marsh's Global Real Estate Practice will bring
focused worldwide expertise, creative solutions, and approaches to help
clients in this rapidly growing industry sector navigate the complex and
emerging exposures they face."

    Mr. Alpaugh earned a BA degree from Kenyon College and an MBA from
Northwestern University's Kellogg School of Management. He is a visiting
professor at MIT's Center for Real Estate.

    Marsh has 26,000 employees and annual revenues approaching $5 billion.
The firm provides advice and transactional capabilities to clients in over 100
countries. Marsh is a unit of Marsh & McLennan Companies (MMC), a global
professional services firm with approximately 55,000 employees and
approximately $12 billion of annual revenues. MMC also is the parent company
of Guy Carpenter, Kroll, Mercer, and Putnam Investments. MMC's stock (ticker
symbol: MMC) is listed on the New York, Chicago, and London stock exchanges.
MMC's Web Site is Marsh's Web site is


For further information:

For further information: Marsh Inc. Al Modugno, 212-345-2448

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