Marsh Q4 revenues slip

Marsh & McLennan, the owner of broker Marsh and reinsurance broker Guy Carpenter, said that fourth quarter revenues shrank 9% to $2.7bn, down 9% from the fourth quarter of 2007.

In the fourth quarter of 2008, MMC's net income fell to $80m from net income of $85m in 2007. For 2008, consolidated revenue was $11.6bn, an increase of 4% from $11.2bn in 2007. MMC's results for 2008 include the previously reported non-cash goodwill impairment charge of $540m in the Risk Consulting and Technology segment, which contributed to a net loss of $73m.

For 2007, net income was $2.5bn, reflecting MMC's gain of $1.9bn, net of tax, on the divestiture of Putnam Investments in August 2007.

B

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: