Oct 16 (Reuters) - Insurance broker Marsh McLennan ( MMC )
reported a rise in third-quarter adjusted profit on
Thursday, helped by strong performance in its risk and insurance
services business.
Spending on insurance recovered in the reporting quarter
after a period of uncertainty tied to U.S. President Donald
Trump's shifting tariff policies.
Brokers generate revenue through commissions are tied to
premiums, tying their performance closely with the insurance
industry's numbers.
Revenue in Marsh McLennan's ( MMC ) risk and insurance services
business came in at $3.9 billion, up 13% from a year earlier.
Net income attributable to Marsh McLennan ( MMC ), on an adjusted
basis net of tax, came in at $911 million, or $1.85 per share,
in the third quarter, compared with $825 million, or $1.66 per
share, in the year-ago period.