Aon Q3 results show 8% fall in UK broking revenue
Aon has announced that income from its risk and insurance brokerage in the UK fell 8% to $148m for the third quarter of 2010 [Q3 2009: $167m].
In the first nine months of this year broking revenue from commissions and fees in the UK was down by 6% from $464m to $436m compared to the same period in 2009.
In a statement the company said: "UK organic revenue decreased 8% due primarily to weak economic conditions and soft pricing."
Globally Aon's broking revenues for the quarter were stable at $1.5bn with an operating margin of 17.4% while total revenue was $1.8bn.
Greg Case, president and chief executive officer of Aon Corporation
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