Marsh & McLennan Companies reports 2014 Q2 net incomeattributable to the company of $431 million, up from $388 millionin 2013’s second quarter, as the firm experienced 7% revenuegrowth.

Risk and Insurance Services revenue was $1.8 billion, or growthof 6%, including 7% growth at Marsh and 3% at reinsurance brokerGuy Carpenter.

Consulting revenue was $1.5 billion, or 8% growth, including 3%growth at Mercer and 23% growth at Oliver Wyman Group.

President and CEO Dan Glaser says in a statement, “This wasour strongest quarterly revenue performance in two years, withall operating companies contributing. Adjusted operating incomegrew 11%, with margin expansion of 60 basis points to 19.8%.”

In a conference call with analysts, Marsh executives touched onGuy Carpenter and the reinsurance market during the Q&Asession, acknowledging that rates are under pressure in general.But Glaser said while it won't be a "banner top-line year" for GuyCarpenter, he does expect to see growth over the entire year.

He added Marsh & McLennan as a whole has a team that is usedto operating in competitive markets with downward pressure onrates.

An analyst asked how Guy Carpenter was able to achieve organicgrowth in the quarter. Guy Carpenter President andCEO Alexander S. Moczarski indicated the reinsurance brokersaw "very good new business” in the quarter by offering the rightproducts and finding the right clients. He added retention has beengood, noting Guy Carpenter has not lost clients. "I can name maybeone we lost in the last quarter," he said.