Willis Q3 results hit by disposal of Indian operation and JV settlement
Willis has revealed that its third-quarter net income was hit by an $11m charge related to a settlement with a former joint venture partner in India and the related $1m loss on disposal of the India operations.
Willis reported net income from continuing operations of $26m (2011: $60m) in the third quarter, and $358m (2011: $179m) for the nine months ended 30 September 2012.
Total commissions and fees were $2
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