Income down at Willis UK
Willis Group has announced a 4% growth in commission and fees for the third quarter of 2011 to $755m (£472.6m) compared to $723m in the same period of 2010.
Total revenues for the quarter ended 30 September 2011 were also up 4% to $762m.
While not providing detailed UK figures the broking giant admitted that, "the UK and Ireland retail market was down slightly". Willis recently announced Daniel Wilkinson as its new chief executive officer for the UK & Ireland following the abrupt departure of Brendan McManus.
The international segment, which includes UK figures, saw commission and fee income grow by 11% to $203m (Q3 2010: $183m) although the company
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