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Marsh & McLennan Cos. Inc. has named BRIAN M. STORMS chairman and chief executive officer of brokerage unit Marsh Inc. Storms, who most recently served as president and CEO of Mercer Human Resource Consulting, succeeds Michael G. Cherkasky, who continues as president and CEO of parent company MMC. Prior to joining Mercer in August 2004, Storms was president and CEO of UBS Global Asset Management Americas.

Guy Carpenter & Company Inc. has announced the appointment of DAVID SPILLER as its new president, effective January 1, 2006. Most recently, Spiller was chief executive officer of Benfield Ltd. in London, chief executive of its International Division and a member of its Executive Committee. Spiller was elected to the Lloyd's Insurance Broker's Committee in 1996 and chaired the Broker's Reinsurance Committee from 1997 to 1999. In this new role, Spiller will be responsible for developing strategic plans for Guy Carpenter's global enterprise.

Willis Group Ltd. has named ANDY PEARCE head of claims within global operations in the United Kingdom. Pearce's responsibilities include developing the delivery of claims service to Willis clients, and for end-to-end delivery of claims service across the United Kingdom. Most recently, Pearce was claims director at Zurich Financial Services Group, and previously has worked for American International Group Inc. and Royal & Sun Alliance Group.

Fair Isaac Corporation has announced that MICHAEL J. GORDON has joined its industry consulting group, based in the Chicago office. Michael will serve as a vice president in the group's insurance practice. Gordon has broad experience across the insurance industry, including policy administration, underwriting and claims. He led the North American Center of Excellence for Insurance, where he developed and marketed several new solutions, including a P/C insurance policy administration framework, a P/C claims solution and joint offerings based on leading software products.

Benfield has announced the appointment of SCOTT STRENGE, senior vice president, as practice leader of its Professional Liability group. A 10-year veteran of Benfield's Professional Liability group, Strenge joined Benfield as a vice president in 1995 and was later named senior vice president specializing in professional liability.

Devon Health Services Inc. is pleased to announce CHARLES J. FALCONE as its president. As one of the first full-time employees 11 years ago, Falcone was instrumental in the development of Devon Health. As executive vice president and chief operating officer for the last five years, Falcone oversaw the development of several programs that helped Devon Health's clients save hundreds of millions of dollars on their annual health-care expenditures. Under his leadership, Devon Health has experienced double-digit revenue and profitability growth at the company over the past five years.

Woodruff-Sawyer & Co. has named WILLIAM DOUGHERTY to the position of account executive with their Directors & Officers Practice. In this role, Dougherty will consult with clients on their D&O liability insurance programs and develop new business opportunities for the organization. Before joining Woodruff-Sawyer, Dougherty was the regional vice president for Zurich North America in San Francisco.

The Reinsurance Association of America has announced that TRACEY W. LAWS has joined the association staff as senior vice president and general counsel. Laws comes to the RAA from the law firm of Chadbourne & Parke LLP, where she was a partner concentrating on reinsurance and insurance. While at the law firm, she represented insurers and reinsurers in arbitrations, litigations and mediations and appeared before arbitration panels and courts in both domestic and international matters.

American International Group Inc. has announced that ELIAS F. HABAYEB will join AIG as chief financial officer of the Financial Services Group. Habayeb was previously a partner in the Capital Markets Group of Deloitte & Touche in New York. He has 12 years of public accounting experience with a diverse range of financial institutions, including large firms in the insurance and banking industries, and specialization in financial instruments and structured financial products.

Integro has announced the hiring of two former Marsh executives for its New York headquarters. STEPHEN LUNDIN will serve as managing principal, client development, and MICHAEL KLASCHKA has signed on as principal, management risk solutions.

Lundin has more than 13 years of experience in insurance brokerage and management consulting. He most recently served as managing director for Marsh's North American Property Practice, and has also held positions with Accenture, Marsh Property New York and Marsh Central Europe.

Klaschka has more than 15 years of industry experience, most recently with Marsh and American International Group. He recently served as SVP and team leader of Marsh's E&O Center of Excellence in New York, and also served as SVP and team leader overseeing Marsh's Financial Institution, Commercial and E&O groups based out of San Francisco. At AIG, he served as regional underwriting manager for the company's financial institutions group.

Marsh Inc. has appointed ROBERT A. PARISI JR. as a senior vice president and leader of the Technology & Telecommunications Industry Practice for Errors & Omissions within the firm's financial and professional liability practice. For the past five years, Parisi was with American International Group as senior vice president and chief underwriting officer for the firm's rapidly growing eBusiness Risk Solutions division.

October 15, 2005

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