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Article: MMC Reports Third Quarter 2009 Results.(Financial report)
- Article from:
- Insurance Weekly News
- Article date:
- November 20, 2009
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Marsh & McLennan Companies, Inc. (MMC) reported financial results for the quarter ended September 30, 2009.
Brian Duperreault, MMC President and CEO said: "MMC reported strong earnings growth in the third quarter. The Risk and Insurance Services segment produced a significant increase in operating income, with substantial margin improvement. Marsh reported another excellent quarter, significantly increasing its profitability. Guy Carpenter produced strong new business and continued growth in profitability.
"The Consulting segment continued to be affected by the difficult economic environment. Mercer's decline in underlying expenses matched the percentage ...