MMC reports consolidated revenue
Marsh & McLennan (MMC), the owner of broker Marsh and reinsurance broker Guy Carpenter, has reported...
Marsh & McLennan (MMC), the owner of broker Marsh and reinsurance broker Guy Carpenter, has reported consolidated revenue for 2008 of $11.6bn, an increase of 4% from $11.2bn in 2007. Fourth quarter revenues shrank 9% year on year to $2.7bn. In the fourth quarter, MMC's net income fell to $80m from $85m in 2007. The figures included a previously reported non-cash goodwill impairment charge of $540m in risk consulting and technology, which contributed to a net loss of $73m.
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