Willis chief hails "impressive turnaround" of its UK business

The UK - which forms part of Willis' international segment - recorded low single-digit growth in commissions and fees but overall Willis saw its net income fall to $26m for the three months ended 30 September, down from $60m last year.

In total, Willis' international segment reported a 2% decline in commissions and fees compared with the third quarter of 2011, with the broker reporting that foreign currency movements had a negative 7% impact on the sector.

Asia and Latin America delivered mid