Profits slip at Willis GB in 2015

Dominic Casserley

Willis GB delivered operating income of $143m [£98.6m] for 2015, down 3.4% on the $148m achieved the year before. The fall came despite the fact that for the final quarter the division saw operating income rise 22.9% to $59m (Q4 2014: $48m). Revenues were also down for the year at $641m (2014: $669m) again with a better fourth quarter performance of $186m (Q4 2014: $177m). The business noted that organic and underlying commissions and fees, stripping out the effect of currency movements, were up