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Marsh insurance unit increases profit by 24%

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Marsh & McLennan Companies’ today announced its risk and insurance services unit made an operating profit of $925m for the first nine months of 2010 – an increase of 24% on the previous year.

The unit saw total revenues increase 11%to $4.7bn for the first nine months of 2011, while the organic growth rate for the period was calculated at 5%.

For the third quarter, risk and insurance

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