Marsh & McLennan has reported a rise in revenue and a fall in profits for U.S. following its $5.6bn acquisition of Jardine Lloyd Thompson Group (JLT) after warning of a risk to near-term growth in its Q1 conference call. Marsh CEO Dan Glaser said the JLT acquisition will help the company to expand across the Asia Pacific and Latin America regions. Risk and insurance services revenue increased 23% in U.S., consulting revenue rose 9%, while the cost of integrating JLT into Marsh came to $98m in the quarter.
Marsh & McLennan has reported a rise in revenue and a fall in profits for Q2 following its $5.6bn acquisition of Jardine Lloyd Thompson Group (JLT) after warning of a risk to near-term growth in its Q1 conference call. Marsh CEO Dan Glaser said the JLT acquisition will help the company to expand across the Asia Pacific and Latin America regions. Risk and insurance services revenue increased 23% in Q2, consulting revenue rose 9%, while the cost of integrating JLT into Marsh came to $98m in the quarter.