Willis reports modest rate increases in some lines
International broker Willis today reported that revenues grew 20% to $665m (with 9% organic growth) during the first three months of 2004. Net income for the quarter ended 31 March 31was $148m, or $0.87, compared with $117m, a year ago.
The company reported rates continued to moderate during the quarter, with declines in some property lines and modest increases in casualty and professional liability lines.Joe Plumeri, Chairman and
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