Soft market pressures made it challenging for the world's four largest insurance brokers to post profits for fourth-quarter 2007, with the quartete all reporting little organic growth and drops in net income compared to the same period in 2006.
o Marsh & McLennan Companies, the parent company of insurance broker Marsh and reinsurance broker Guy Carpenter, reported a 62 percent drop in its net income as soft market pressures and losses in investments weighed heavily on its performance.
Still, Marsh managed a 1 percent increase in organic growth, while Guy Carpenter's organic growth fell 2 percent.
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