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Willis Group Profit Beats Estimates; Withdraws Forecast

Willis Group Holdings posted a higher first-quarter profit that topped Wall Street estimates, as it earned more from commissions and fees, but the insurance broker withdrew its previous forecasts due to uncertainty in some operations.

By Reuters | Updated on April 27, 2012

Willis Group Holdings posted a higher first-quarter profit that topped Wall Street estimates, as it earned more from commissions and fees, but the insurance broker withdrew its previous forecasts due to uncertainty in some operations.

The company’s results suffered from continued weakness in its loan protector business, a non-core unit within its North America segment that provides insurance services to the mortgage servicing industry.

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