Marsh & McLennan (MMC) has reported first-half net profit of $US484 million ($530 million) as Asia-Pacific revenue growth helped reverse a previous first-half loss of $US17 million ($18.6 million).

Marsh returned $US2.37 billion ($2.6 billion) in revenue in the six months to June 30, an improvement of 9%.

Revenue for reinsurance broker Guy Carpenter grew 10% to $US558 million ($611 million) as additional consulting division revenue pushed total MMC revenue 7% higher to $US5.24 billion ($5.74 billion). 

Much of the improvement came in the second quarter, with MMC posting net profit of $US236 million ($258 million) compared to a loss of $US193 million ($211 million) last year.

Revenue growth in the Marsh Asia-Pacific operations was the highest of the international divisions during the first half as income rose 22% to $US238 million ($260 million).

MMC CEO Brian Duperreault says the Asia-Pacific and Latin America operations were the standout performers as Marsh achieved solid new business growth across the globe.

“Our risk and insurance services segment grew revenue in an environment of continued soft market conditions in the property and casualty marketplace,” he said.