Aon has posted a 10% rise in first-quarter profit thanks to increased revenues in the Risk Solutions business.

Net profit grew to $US261 million ($253 million) from $US238 million ($231 million) in the corresponding period last year.

Risk Solutions’ revenue was up 3% to $US2 billion ($1.9 billion) as higher commissions and fees offset a decline in investment income.

Retail brokerage revenue was aided by strong growth in Latin America, the US, Asia and New Zealand, and modest growth in Australia. Revenue declined in Germany.

“Our first-quarter results reflect a solid start to the year, with double-digit earnings growth driven by a strong performance in our Risk Solutions business and effective capital management,” President and CEO Greg Case said.