Aon sees operating income fall 8% in risk division
Aon has reported an 8% fall in operating income for its risk solutions division to $345m (£218m) in the fourth quarter of 2011 from $374m in the same period of 2010.
However in contrast, in the full year, income rose by 10% to $1.31bn (2010: $1.19bn).
The division includes retail brokerage and Aon reported that it saw no growth in its international segment with revenue from commission and fees coming in at $716m in the fourth quarter of 2011 (Q4 2010: $717m).
Again the full year results were stronger with the broking giant seeing a 6% rise in revenue in the segment to $2.7bn (2010: $2.55bn).
Across all segments retail brokerage revenue rose 3% in the quarter
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