Swiss Re predicts broker consolidation
The global broking market remains fragmented despite the size of the four largest firms and further consolidation can be expected according to a the new Swiss Re sigma study: ‘Commercial insurance and reinsurance brokerage – love thy middleman’. The report also claims the role of the broker has evolved dramatically over the last two decades.
Swiss Re said in 2002, global commercial brokerage revenues were estimated at about US$27bn, over half of which were accounted for by the two largest broking firms Marsh and Aon.,p>However, even withOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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