NU Online News Service, May 1, 1:35 p.m.EDT

Crediting high-retention rates and strong new-business growth,Marsh & McLennan Companies says first-quarter net income grewby 7 percent from the same period last year.

The New York-based services company, parent of insurance-brokerMarsh and reinsurance-broker Guy Carpenter, reports net income rose$22 million to $347 million. Revenues rose 6 percent, or $167million, to $3.05 billion.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.