Insurance giant reports a surprise in earnings

The world’s second largest insurance company, Marsh & McLennan Cos. Inc., has defied predictions by analysts and reported strong fourth quarter earnings. The insurer is also declaring earnings growth in 2011 driven by a recovering economy. The growth is estimated to affect all segments of the insurer. Last year, MMC completed a deal to acquire the HSBC Insurance Brokers unit. The deal had an impact on the company’s earnings as they took restructuring charges to the acquisition. MMC expects to continue to acquire smaller regional insurance brokerages in the future…

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