Willis delivers 4% organic growth despite soft market
Willis Group achieved 4 percent organic growth in the third quarter as increases in new business and client retention countered adverse soft market conditions.
Positive Q3 organic growth across its business segments came as overall net income from continuing operations over the period dropped by 18 percent to $78mn.
While the quarterly organic growth figures exceeded analysts' expectations - commentator Meyer Shields from Stifel Nicolaus had forecast 3.3 percent - the weak market dampened the broker's nine-month figures.
Over the...
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