Revenue growth in both its consulting and risk and insurance services boosted Marsh & McLennan Companies' 2013 fourth-quarter net income to $303 million, compared to $259 million in the previous year's fourth quarter.
Revenue in the quarter grew to $3.1 billion compared to $3 billion in 2012's fourth quarter.
MMC's risk and insurance services revenue grew 4%, with Marsh contributing $1.4 billion in revenue (up 4% compared to 2012's fourth quarter) and Guy Carpenter contributing $209 million (up 6%). MMC says Marsh's revenue grew 13% in Latin America, 4% in Asia-Pacific, 3% in EMEA and 3% in Marsh's U.S./Canada division. Guy Carpenter revenue consisted of "broad-based growth in North America, international, global specialties and UK facultative," MMC says.
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