Marsh’s parent company has posted its annual 2018 results today
Marsh saw its revenues rise 3% for 2018 in the Europe, Middle East and Africa (EMEA) region.
The region brought in $522m to Marsh during Q4, ending 31 December. This was level with 2017 Q4 revenues ($521m). Globally Marsh posted Q4 revenues of $1.8bn.
For the year, underlying revenue growth for the region was up 3% from $2.03bn to $2.13bn.
Globally, the region contributed to a strong year for Marsh, with underlying revenue up 4% for the year to $6.9bn.
The whole risk and insurance services division of parent company Marsh & McLennan Companies (MMC), which also includes reinsurance arm Guy Carpenter, saw Q4 revenues fall 2% to $1.9bn compared with Q4 2017.
But for the year, the division’s revenues were at $8.2bn, an increase of 5% on an underlying basis.
Dan Glaser, president and chief executive of MMC, said: “In addition to our impressive underlying performance, we had another active year of acquisitions and delivered on our capital return commitments. The highlight of the year was our agreement to acquire Jardine Lloyd Thompson Group. This combination will enhance capabilities for our clients, increase opportunities for our colleagues and create value for our shareholders.”
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