Marsh parent MMC widened the earnings gap on Willis, as both brokers reported powerful first quarter results.
Willis reported revenues up by 23% to $555m (£348.7m) from $451m (£283.3m) in the same period last year. MMC's growth of 7.5% took it to a whopping $2.85bn (£1.79bn) from $2.64bn (£1.66bn).
Willis increased its net income by 72% to $117m from $68m while Marsh grew net income by 6%, to $443m from $418m last year. On net income per share, Willis achieved 79 cents, an increase from 46 cents last year. MMC was ahead on 83 cents, up from 73 cents last year.
Willis chief executive Joe Plumeri said: "The majority of our organic revenue growth was attributable to net new business rather than higher premium rates."
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
