NU Online News Service, July 29, 12:46 p.m. EDT
Willis Group Holdings reported a 2 percent increase in 2010 second quarter net income as it increased organic growth by 4 percent despite the headwinds of a soft market and continued challenges from the economic downturn.
The London-headquartered insurance broker said net income rose by $2 million to $89 million from the same period last year. Earnings per share was flat at 52 cents a share. Revenues grew 2 percent, or $15 million, to $799 million during the period.
The firm's Chairman and Chief Executive Officer, Joe Plumeri, credited the company's performance with capturing new business and solid retention rates.
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