Insurance Age

Disappointing results for Willis show income halved last year

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    • Caitlin Morrison

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Willis has reported total commissions and fees of $816m (£520m) for the fourth quarter of 2011, down from $823m in the same quarter of 2010.

The broker, which does not provide country specific results, reported that commissions and fees in its international segment grew slightly, from $275m in Q4 2010 to $281m in the same period of 2011.

However, Willis said growth had been "moderated" by a double digit decline in commissions and fees for the UK and Ireland retail business.

Total revenue for the final quarter of 2011 was $825m, down slightly from the last quarter of 2010 ($833m).

Net income attributable to Willis Group Holdings for

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