NU Online News Service, Aug. 3, 12:17 p.m. EDT
Marsh & McLennan Companies reported solid gains in the 2010 second quarter, improving over last year's earnings loss from the same period.
The New York-based services firm, the parent company of insurance broker Marsh and reinsurance broker Guy Carpenter, today reported second-quarter net income rose $429 million to $236 million, compared to last year's loss of $193 million. Earnings per share improved 80 cents a share from a loss of 37 cents a share to 43 cents. Revenues increased 6 percent, or $136 million, to $2.6 billion for the quarter.
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