Marsh produced underlying revenue growth of 4% with all major geographies contributing. This was driven by higher client retention rates and new business development. Guy Carpenter also produced impressive results in 2011. Underlying revenue growth was 5% driven both ongoing revenue and new business development and higher retention rates. This was a milestone year for Carpenter as well as revenue exceeded $1 billion for the first time.The Consulting segment also delivered an impressive performance. Revenue grew 9% with underlying growth of 5%. Adjusted operating income rose 12% and the segment margin improved as well. Mercer produced underlying revenue growth of 4% and Oliver Wyman's growth was 7% for the second straight year.
Marsh & McLennan Companies' CEO Discusses Q4 2011 Results - Earnings Call Transcript
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