US broking group Brown & Brown...
... has closed the first nine months of the year with net income of $129.6m, a decrease of 2.4%, on commissions and fees of $751.6m, up 2.1%. The Florida-based group’s Q3 net earnings rose 1% to $40.96m, reflecting “significant shrinkage in insurable exposure units and a soft rate environment”, said president and chief executive J Powell Brown.
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