Exhibit 10.17 MARSH & MCLENNAN COMPANIES, INC. March 25, 1999 Mr. Jeffrey W. Greenberg 950 Park Avenue New York, New York 10028 Dear Jeff: On January 21, 1999, you were appointed President of Marsh & McLennan Companies, Inc. (the "Company") and it was...Marsh & McLennan Companies Inc • March 31st, 1999 • Insurance agents, brokers & service
On January 21, 1999, you were appointed President of Marsh & McLennan Companies, Inc. (the "Company") and it was announced in a Company press release that you will succeed A.J.C. Smith as Chief Executive Officer by the end of 1999. In consideration of that appointment and subject to the provisions of this letter, the employment agreement dated October 1, 1995 (the "Employment Agreement") between you and Marsh & McLennan Risk Capital Corp., now Marsh & McLennan Capital, Inc. ("Capital"), is terminated retroactive to January 21, 1999. This letter describes the new status of your employment with Marsh & McLennan Companies, Inc., namely:
