Marsh & McLennan Companies (MMC) reported strong revenue growth in the fourth quarter of last year despite the dampening effect of the strong dollar.

The New York-based company, whose holdings include insurance broker Marsh and reinsurance broker Guy Carpenter, said profit for the September through December period rose to $375 million from $294 million in the final quarter of 2014, in line with analysts’s forecasts.

Revenue rose to $3.34 billion, better than the $3.26 billion that Wall Street expected, representing an increase of 2.8 per cent from the prior-year period — or 5 per cent in core revenue terms, that is when the impact of currency fluctuations is excluded.

The risk advisory and insurance share of that revenue was just over half, with Marsh taking in $1.5 billion and Guy Carpenter $217 million. Both firms have a presence in Bermuda.

MMC chief executive officer Dan Glaser said: “We capped off a successful year with an outstanding fourth quarter, posting our highest underlying revenue growth of 2015 at 5 per cent.

“We believe we are well-positioned to deliver underlying revenue growth, margin expansion and strong EPS growth in 2016.”

MMC also owns the consultancy firm Mercer. Consulting revenue grew 5 per cent on a core basis, driven by 8 per cent growth in its health business and 7 per cent growth in its talent business.