Marsh & McLennan says nine-month profit gained 15% to $US1.05 billion ($1.2 billion) after offshore insurance revenues grew in the third quarter.

September quarter earnings increased to $US253 million ($267 million) from $US241 million ($253 million) in the corresponding period last year.

“In risk and insurance services, Marsh produced underlying revenue growth across all major geographies, and Guy Carpenter continued its long-term trend of underlying revenue growth,” President and CEO Dan Glaser said.

Third-quarter adjusted operating income for the risk and insurance division grew 14% to $US228 million ($302 million), while revenues gained 4% to $US1.5 billion ($1.6 billion).

Marsh’s international operations reported a 6% rise in underlying revenue, reflecting growth of 15% in Latin America, 7% in Asia-Pacific and 3% in Europe, the Middle East and Africa.

In the US and Canada, revenue increased 1%.

Guy Carpenter’s third-quarter revenue gained 5% to $US262 million ($275 million) on growth in its North America, international, global specialties and UK facultative businesses.