MHM.L Regulatory News (MHM)

19 Apr 2005 15:54

Marsh & McLennan Co Inc19 April 2005 News Release Media Contacts: Jim Fingeroth Investor Contact:Barbara Perlmutter Kekst and Company Mike BischoffMMC (212) 521-4819 MMC(212) 345-5585 (212) 345-5470 MMC TO HOLD INVESTOR CALL ON MAY 3 TO DISCUSS FIRST QUARTER 2005 RESULTS NEW YORK, NEW YORK, April 19, 2005-Marsh & McLennan Companies, Inc. (MMC) plansto announce first quarter 2005 results on Tuesday, May 3, 2005 in a news releaseto be issued before the market opens. The release will also be available onMMC's website at www.mmc.com. Michael G. Cherkasky, president and chief executive officer of MMC, and SandraS. Wijnberg, senior vice president and chief financial officer, will lead adiscussion with investors on financial results, including a question and answerperiod, at 10:00 a.m. Eastern Daylight Time on May 3. To participate in the live teleconference, please dial (888) 283-6901. Callersfrom outside the United States should dial (719) 955-1564. The live audiowebcast (which will be listen-only) may be accessed at www.mmc.com. A replay ofthe webcast will be available beginning approximately two hours after the event. A continuous telephone replay will be available beginning at 1:00 p.m. EasternDaylight Time, May 3 and continuing until midnight Eastern Daylight Time, May 9.To listen to the replay, please dial (888) 203-1112. Callers from outside theUnited States may listen to the replay by dialing (719) 457-0820. The accesscode for both numbers is 7633433. MMC is a global professional services firm with annual revenues exceeding $12billion. It is the parent company of Marsh, the world's leading risk andinsurance services firm; Guy Carpenter, the world's leading risk and reinsurancespecialist; Kroll, the world's leading risk consulting company; PutnamInvestments, one of the largest investment management companies in the UnitedStates; and Mercer, a major global provider of consulting services.Approximately 60,000 employees provide analysis, advice, and transactionalcapabilities to clients in over 100 countries. Its stock (ticker symbol: MMC) islisted on the New York, Chicago, Pacific, and London stock exchanges. MMC'swebsite address is www.mmc.com. This press release may contain statements relating to future results, which areforward-looking statements as that term is defined in the Private SecuritiesLitigation Reform Act of 1995. Such statements may include, without limitation,discussions concerning the matters raised in the complaint filed by the New YorkAttorney General's Office stating a claim for, among other things, fraud andviolations of New York State antitrust and securities laws, the complaint filedby the Connecticut Attorney General and numerous other investigations beingconducted by other state attorneys general and state superintendents orcommissioners of insurance, elimination of market services agreements ("MSA"),the new business model of Marsh Inc., the adverse consequences arising frommarket-timing issues at Putnam, including fines and restitution, revenues,expenses, earnings and cash flow, capital structure, existing credit facilities,and access to public capital markets including commercial paper markets, pensionfunding, market and industry conditions, premium rates, financial markets,interest rates, foreign exchange rates, claims, lawsuits and othercontingencies, and matters relating to MMC's operations and income taxes. Such forward-looking statements are based on available current market andindustry materials, experts' reports and opinions, and long-term trends, as wellas management's expectations concerning current and future events impacting MMC.Forward-looking statements by their very nature involve risks and uncertainties.Factors that may cause actual results to differ materially from thosecontemplated by forward-looking statements that we make include: • the impact of litigation and regulatory proceedings brought by the New York Attorney General's Office, other state attorneys general and state insurance regulators, • the impact of class actions, derivative actions and individual suits brought by policyholders and shareholders (including MMC employees) asserting various claims, including claims under U.S. securities laws, ERISA, RICO, unfair business practices and other common law or statutory claims, • loss of clients, • loss of producers or key managers, • inability to negotiate satisfactory compensation arrangements with insurance carriers or clients, • inability to reduce expenses to the extent necessary to achieve desired levels of profitability, • inability to collect previously accrued MSA revenue, • changes in competitive conditions, • movements in premium rate levels, • changes in the availability of, and the market conditions and the premiums insurance carriers charge for, insurance products, • mergers between client organizations, • insurance or reinsurance company insolvencies, • the impact of litigation and other regulatory matters stemming from market-timing issues at Putnam, • changes in worldwide and national equity and fixed income markets, • actual and relative investment performance of the Putnam mutual funds, • the level of sales and redemptions of Putnam mutual fund shares, • Putnam's ability to maintain investment management and administrative fees at current levels, • the ability of MMC to successfully access the public capital markets to meet long term financing needs, • the continued strength of MMC's relationships with its employees and clients, • the ability to successfully integrate acquired businesses and realize expected synergies, • changes in general worldwide and national economic conditions, • the impact of terrorist attacks, • natural catastrophes, • changes in the value of investments made in individual companies and investment funds, • fluctuations in foreign currencies, • actions of regulators and law enforcement authorities, • changes in interest rates or the inability to access financial markets, • developments relating to claims, lawsuits and contingencies, • prospective and retrospective changes in the tax or accounting treatment of MMC's operations, and • the impact of tax and other legislation and regulation in the jurisdictions in which MMC operates. Forward-looking statements speak only as of the date on which they are made, andMMC undertakes no obligation to update any forward-looking statement to reflectevents or circumstances after the date on which it is made or to reflect theoccurrence of unanticipated events. MMC is committed to providing timely and materially accurate information to theinvesting public, consistent with our legal and regulatory obligations. To thatend, MMC and its operating companies use their websites to convey meaningfulinformation about their businesses, including the anticipated release ofquarterly financial results and the posting of updates of assets undermanagement at Putnam. Monthly updates of total assets under management at Putnamwill be posted to the MMC website the first business day following the end ofeach month. Putnam posts mutual fund and performance data to its websiteregularly. Assets for most Putnam retail mutual funds are posted approximatelytwo weeks after each month-end. Mutual fund net asset value (NAV) is posteddaily. Historical performance and Lipper rankings are also provided. Investorscan link to MMC and its operating company websites through www.mmc.com. This information is provided by RNS The company news service from the London Stock Exchange