MMC Q1 net income swings to loss driven by Kroll writedown
Marsh and McLennan Companies, the owners of (re)insurance brokers Marsh and Guy Carpenter, reported a net loss for the first quarter of $210m, down from $268m the year before.
The result was driven down by a non-cash goodwill impairment charges at MMC's corporate advisory firm Kroll.
Consolidated revenue was $3bn, up 8% from the first quarter of 2007, or 2% on an underlying
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