Aon
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Aon said that it has lost two clients, including one it had for over 20 years, in the past two weeks after several employees left for Alliant. -
After two quarters of pouring cold water on price firming, brokers have changed their framing of the market in Q3.
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MMC and Brown & Brown stock has risen today after the firms released their results.
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A report by digital security firm McAfee in August indicates ransomware attacks have more than doubled in 2019.
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The CEO downplayed the threat that market reform could pose for intermediaries.
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Around two thirds of the possible half-million affected structures sustained windstorm damage, the broker estimates.
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Executives John Zern and Cary Grace are leaving the broker to pursue other opportunities.
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Private brokers continue acquisition driven growth and deliver high margins, but deferred integration costs and elevated leverage remain issues to watch.
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More broadly, carriers are curtailing facility participation as the market firms.
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Customer cost savings will be generated through increased efficiencies rather than brokerage cuts.
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The new vehicle will cut negotiating times while providing contract certainty.
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"Signs of fatigue" are showing in the market as pricing hardens slightly.
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