Insurance Age

Willis profits slip and UK business falls

Dominic Casserley
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Willis Group has revealed a fall in half year profits to $324m [£210.8m] for the start of 2013, down from $333m in 2012.

The broking giant did however see total revenues for the six months rise to $1.94bn (H1 2012: $1.86bn).

Commission and fees at the broker rose to $1.93bn in the period, a 4.8% increase over the first half of 2012.

Willis' international segment, which includes the UK's figures, saw a 3.2% uplift to $547m.

While not revealing figures for the UK the company admitted that in the second quarter of 2013 "operations in the UK declined low single digits".

Willis Group CEO Dominic Casserley commented on

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