Aon sees profits fall

The broking giant also revealed that in the three months to 30 June 2012 total revenue was flat at $2.8bn.

Aon noted that while organic revenue increased 4% in the quarter and commissions and fees were up 1% this was offset by a 4% decrease from foreign currency rates and a 33% decline in investment income.

Total operating expenses were up 2% to $2.4bn in the three months to 30 June 2012.

In the Risk Solutions division total revenue in the three month period slipped to $1.899bn from $1.912bn the