UK hit by full year loss despite fourth quarter rally
Aon's UK retail broking revenue fell 3% to $629m (£392.1m) in the year ended 31 December 2010 (2009: $650m).
Globally, Aon's total revenue for 2010 increased 12% to $8.5bn due to a 12% increase in commissions and fees resulting from acquisitions, primarily Hewitt.
In the fourth quarter of 2010, UK broking revenues grew 4% to $193m, up from $186m during the same period in the previous year.
Aon's risk solutions business, which includes insurance brokerage services, posted a 4% rise in retail organic revenue to $1.8bn in the fourth quarter - "the highest rate of organic revenue growth since the second quarter of 2007," the company said.
UK organic revenue increased 6% mainly because of strong growth in new business and affinity business, it added.
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