Profits rebound for Marsh owner in 2018

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Marsh & McLennan Companies (MMC) has posted profit of $1.65bn [£1.26bn] for 2018, up 10.5% from $1.49bn the year before when it was hit by substantial tax and pension costs.

The increase came as revenue rose by 6.6% to $14.95bn.

The breakdown of the figures showed the risk and insurance services division achieved a 7.8% uplift in revenue to $8.23bn. Operating income for the unit also rose by a similar 7.7% to $1.86bn.

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The parent company did not supply figures for the UK.

However,

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