Marsh reports rise in risk and insurance revenue
Marsh & McLennan has reported a rise in risk and insurance services revenue to $1.5bn for Q2 2010, an increase of 9% from the same period last year or 1% on an underlying basis.
Operating income in Q2 2010 rose 5% to $258m, compared with $245m in last year’s second quarter.
Adjusted operating income rose 11% to $302m from $271m, which Marsh said reflectted improved performance at Marsh and Guy Carpenter, as well as acquisitions.
Underlying revenue growth in international operations was 6%, reflecting 3 %t growth in EMEA, 12% in Asia Pacific and 13% in Latin America.
Marsh said it had strong growth in new business in the quarter and that insurance premiums in the
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