NU Online News Service, Aug. 2, 3:33 p.m. EDT
Willis Group Holdings' financial results will begin to strengthen in the second half of this year as the firm distances itself from an internal accounting fraud scandal and resolves integration issues related to the acquisition of Hib, Rogal & Hobbs, says Chairman and Chief Executive Officer Joe Plumeri.
“You've obviously seen some of the other brokers' reports and earnings already,” said Plumeri during a conference call. “The positive trends that they've talked are very encouraging for the industry as a whole…but as you saw our release last night, and compare it with those who have already reported, it is fair to wonder why Willis isn't in its historical position at the head of the pack.”
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