Willis Net Income Drops On KKR Charge
By Mark E. Ruquet
NU Online News Service, July 31, 10:08 a.m. EST?Global Insurance broker Willis Group reported its net income dropped in the second quarter on a $78 million charge to Kohlberg, Kravis Roberts and Company for the firm's 1998 buyout. However, operating cash earnings rose 136 percent.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
