Marsh reported strong revenue growth of 15% in the fourth quarter of last year to $2.6bn (£1.57bn) from $2.3bn (£1.39bn) in the same quarter of 2001.
Risk and insurance services revenue increased to $5.9bn (£3.5bn) in 2002 from $5.2bn (£3.1bn) in 2001.
Overall operating income increased to $2.3bn (£1.3bn) in 2002, from $1.8bn (£1.09bn) the year before.
The risk and insurance services business increased its operating margin to 25.2% in 2002 from 22.1% in 2001, while the group's investment management operating margin fell to 25.9% from 30.5% the year before.
The company forecast moderate property rate rises, but said difficult market conditions would continue during 2003, particularly for liability.
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.
