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Profits up on Marsh’s sales
MARSH & McLennan’s said yesterday its fourth-quarter profit rose two per cent, helped by growth in its core insurance business.
The insurance broker reported a profit of $259m (£165.4m), or 47 cents per share, up from $256m, or 46 cents per share, a year earlier.
Revenue at Marsh, the company’s main insurance business, grew four per cent to $1.42bn.