While carriers' second-quarter results largely declined due to catastrophe losses, three brokerages recently reported growth during the quarter, led by Aon Corp.'s 69 percent increase in net income.
Chicago-based Aon says second-quarter net income was $258 million, up $105 million from a year ago. The brokerage attributed the growth to new business and the integration of Hewitt into its consulting business.
During a conference call with financial analysts, Greg Case, president and CEO, said Aon was able to achieve growth despite "soft pricing, excess capital and fragile economic conditions globally."
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