Copying and distributing are prohibited without permission of the publisher
Flat to moderate growth for brokers: Fitch
03 February 2010
Fitch ratings has delivered a downbeat outlook for the US broking industry.
Read more:
[aon]
[willis]
[marsh]
[mmc]
Fitch ratings has delivered a downbeat outlook for the US broking industry. The rating agency says profitability will be flat or improve to a modest degree in the coming year.
Despite a stable performance in 2009, the sluggish global economy will continue to diminish the performance of industry and “organic revenue growth and meaningful operating margin improvement could continue to prove elusive,” said Fitch in its Insurance Broker Industry Outlook report for 2010.
According to the report, the five publicly traded brokers tracked by Fitch – Aon, Marsh & McLennan Companies (MMC), Willis, Arthur J Gallagher and Brown & Brown – experienced negative organic revenue growth turn in the first nine months of 2009. However, consolidated operating income rose by an average of 19% over the same period, with four of these five companies...
You must be logged in to view this page.
If you are already a registered user please log in here.
Alternatively, you can request a free trial or subscribe. For more information contact sdexter@euromoneyplc.com or call +44 (0) 20 7779 8223.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
