Aon blames "economic conditions" for 11% drop in UK revenue in Q3 2010
Aon has reported that its UK broking business recorded a 11% drop in commission and fees in the third quarter of 2010 to $148m (£92.7m) (Q3 2009: $167m) with an 8% downturn in organic revenue.
Bar the reinsurance business (-4%) the UK was the only part to go backwards with regards organic growth with the Americas seeing a 1% gain, Europe, Middle East and Africa 4% and Asia Pacific 2%.
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