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 grew by 7 percent from the same period last year.
The New York-based services company, parent of insurance-broker Marsh and reinsurance-broker Guy Carpenter, reports net income rose $22 million to $347 million. Revenues rose 6 percent, or $167 million, to $3.05 billion.
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