In Reinsurance, organic revenue growth improved to 7% compared to a decline of 2% in the prior year quarter, a level of organic revenue performance not achieved since Q3 2006. Results primarily reflect strong new business growth in global treaty placements, a modest portion of which is nonrecurring revenue. The impact to the market from pricing was favorable in the near term, primarily due to property cat-exposed regions. The underlying strength of the book continues to improve as net new business won was positive for the fifth consecutive quarter. This level of performance and strength in new business generation continues to reflect Aon Benfield's value proposition for clients of strengthening their operational performance and reducing volatility through unmatched data, analytics and advisory capability.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts