Marsh and McLennan has reported a 19% rise in profits in its third quarter results. Revenue was boosted by growth from its risk management and insurance services operation and its consultancy business, announced a report.
Marsh and McLennan made net income of US$375m in the three months ending 30 September, compared with $299m for the same period a year earlier. Revenues rose 11% to $2.8bn.
According to the report, revenues from risk and insurance services rose 15% to £1.6bn. This included Marsh's risk management and insurance broking operation, which makes up roughly 75% of its business.
Marsh chairman Jeffrey Greenberg said: "Clients face risks that have grown in number, complexity and severity. Heightened awareness of these risks creates a greater need for [our] expertise."
