Willis has good Q1 but UK performance drags
Willis has had a good start to 2012 delivering $225m (£139m) in net income for the first quarter compared to $35m in the same period last year.
This is based on a marginal increase in revenue to $1,013m ($1,007m: 2011).
This growth was led by the global segment of the company as well as the North American but the UK division performed less favourably.
Most segments produced growth, either single or double digit, except the UK which was “down mid single-digits”.
This was blamed on the region’s continuing economic weakness.
“Across Willis Group, we generated two percent organic growth in the quarter with only minimal rate tailwind,” said
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