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Marsh & McLennan books solid growth

Marsh & McLennan’s second-quarter net income improved 13% to $US472 million ($628.57 million), buoyed by solid growth across its core businesses.

Revenue grew to $US3.38 billion ($4.5 billion) in the June quarter from $US3.23 billion ($4.3 billion) in the corresponding period last year.

Half-year net income increased to $US953 million ($1.27 billion) from $US901 million ($1.2 billion).

“We continue to produce strong results as we help clients navigate global uncertainty,” CEO Dan Glaser said.

Risk and insurance services revenue grew 6% to $US1.85 billion ($2.46 billion) in the second quarter, while the consulting arm’s revenue was up 4% to $US1.54 billion ($2.05 billion).

Marsh’s Asia-Pacific revenue was 4% higher at $US183 million ($243.1 million).

Reinsurance broker Guy Carpenter, part of the risk and insurance services business, booked a 3% gain in revenue to $US285 million ($379.55 million).