Guy Carpenter and Marsh revenues top $6 billion for 2011

Marsh & McLennan Companies have announced that total revenues from their risk and insurance services were $6.3 billion in 2011, up 9 percent on revenues on the previous year.

This includes $5.2 billion from insurance broker Marsh, just over $1 billion from reinsurance broker Guy Carpenter and a further $47 million from fiduciary interest income. The results represent increases of 10 percent for March and 7 percent for Guy Carpenter on the previous year's revenues.

“Marsh produced another year of excellent performance," says Brian Duperreault, president and chief executive officer of Marsh & McLennan Companies.

"In the fourth quarter, new business development and high retention rates drove underlying revenue growth across all geographies.

"Guy Carpenter also had another outstanding year, surpassing $1 billion in revenue for the first time in its history. Guy Carpenter continued its three year trend of underlying revenue growth.”