Profits rebound for Marsh owner in 2018
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.
Highlight
The parent company did not supply figures for the UK.
However,
More on Broker
POLL: TACKLING DUAL PRICING
Most read
- RSA boss Egan "not defensive" about broker criticism
- Andy Briggs to leave Aviva
- Qudos replacement policies reignite unrated debate
- Hiscox report shows cyber attacks are on the up
- Slow take-up of standardised Toba template was expected, says Biba
- Experts predict further changes at Aviva following Briggs' exit
- FCA re-examines duty of care as report warns customers at risk of harm
Back to Top