Marsh reported continuing increases in liability rates and decreases in property rates as it announced its first quarter results.
The broker announced worldwide revenue increases of 6% for risk management,and insurance broking, increases of 9% for reinsurance broking, and 11% for related insurance services.
Overall, Marsh & McLennan announced consolidated revenues of $3.2bn for 1Q 2004 compared to £2.9bn for the same period in 2003. Net income rose to $446m over the same period, said MMC.
Marsh also reached a final settlement for insured losses relating to the World Trade Center. The figure was $278m.
