Broker reports 4% organic growth

Global broking group Willis Group Holdings’ net profit fell 0.6% to $357m for the first nine months of 2010 from $359m in the same period last year.

This was despite a 2.7% increase in total revenues to $2.5bn from $2.4bn. Total expenses increased slightly to $1.93bn from $1.92bn.

In the third quarter alone, Willis’s profit fell 19% to $64m from $79m, despite a 1.1% boost in revenues to $733m from $725m.

Willis said that organic growth in commissions and fees in the third quarter and first none months of 2010 was 4% compared with the corresponding periods of 2009.

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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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