Company results

Willis blames restructuring for profits fall

Willis has reported its net income for the six months to June 30, 2011 was $119m down from $293m in the same period a year ago, which the broker is mainly attributing to restructuring costs of $115m.

Thistle aims high despite 2011 losses

JLT chief executive Dominic Burke claims full year trading profits at its underwriting agency Thistle Insurance will eclipse last year's £4.8m, despite making a £246 000 loss so far in 2011.

Editor's comment: The wheels of industry

The schools may be out for summer and European business fast grinding to a halt as workers decamp to the coast but it's good to see the wheels of British commerce continue to turn, albeit at a rather less than frenetic pace.

BMS: US reinsurance focus after buy out

BMS bosses have vowed to switch the company focus towards the US reinsurance market following the news that the broker has reached an agreement to buy out its only external shareholder AHJ Holdings.

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