Aon reports fall in UK revenue
Aon today reported commission and fees in its UK arm declined 8% to $167m in the second quarter of 2010 (Q2 2009: $181m).
For the six months ended 30 June 2010 the UK business saw a 3% drop to $288m (H1 2009: $297m).
It has also reported that UK organic revenue in the retail section of risk and insurance brokerage services decreased by 6% in the second quarter of 2010 compared to the same period the previous year. The company cited weak economic conditions and lower exposure units as reasons for the decline. Overall its brokerage operating margin was 19.2%.
The company also stated that total brokerage revenue
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