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Willis reports fall in Q1 profits

Dominic Casserley
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GB unit sees income fall due to impact of currency rates.

Willis GB has reported a 5.3% fall in income from commission and fees to $142m (£92.3m) in the first three months of 2015.

However the unit, which includes Great Britain-based specialty and retail businesses, would have seen a 1.1% organic growth once the effect of foreign currency movements was stripped out.

The broker noted that there had been varied performance across the segment's businesses.

According to Willis it had strong growth in financial lines and mid-single digit growth in property

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