NU Online News Service, April 29, 3:18 p.m. EDT

Willis Group Holdings, plc, reported first-quarter net income rose 6 percent over last year as the company captured new business and continued to control costs.

"Economic conditions remain challenging in a number of countries in which we operate, on top of that...the rate environment is still very soft, but against this background we delivered, and that's what we are excited about," said Joe Plumeri, chairman and chief executive officer of the insurance brokerage firm during a conference call with investment analysts.

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