Marsh & McLennan’s risk and insurance services division revenue grew 8% to $US1.8 billion ($2.3 billion) last quarter as the Asia-Pacific region made a solid contribution.

The risk division includes the Marsh and Guy Carpenter broker businesses, while the company’s consulting arm comprises Mercer and Oliver Wyman Group.

Net profit overall grew to $US393 million ($511.9 million) from $US379 million ($493.6 million) in the corresponding period last year.

“With strong performance through the first three quarters of the year, we believe the company is well positioned to deliver underlying revenue growth, margin expansion in both segments and strong earnings-per-share growth for the full year,” CEO Dan Glaser said.

Marsh Asia-Pacific underlying revenue grew 7%, Latin America achieved a 9% increase, and US and Canada revenue gained 3%. The Europe, Middle East and Africa division declined 2%.

Revenue from reinsurance broker Guy Carpenter increased 4%.

Consulting division revenue grew 5% to $US1.6 billion ($2.1 billion), with positive contributions from both Mercer and Oliver Wyman.

During the quarter Marsh & McLennan acquired International Catastrophe Insurance Managers, a managing general agent providing cover to US businesses and homeowners.