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By Mark E. Ruquet, PropertyCasualty360.com |
February 15, 2012
A culture clash between Willis Group Holdings and Hilb, Rogal & Hobbs led to a significant amount of business walking out the door in North America, contributing to a 57 percent drop in net income for the 2011 fourth quarter.
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By Mark E. Ruquet, PropertyCasualty360.com |
March 25, 2011
Another chapter has closed on the contingent-commission kickback saga with an agreement reached between a group of insurers and insurance brokers—and their clients who alleged the industry tried to manipulate the business.
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By Mark E. Ruquet, PropertyCasualty360.com |
March 22, 2011
Another chapter has closed on the contingent commission kickback saga with an agreement reached between nine insurers and insurance brokers and clients who alleged the industry tried to manipulate the business.
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By Mark E. Ruquet, PropertyCasualty360.com |
July 26, 2010
After several years of doing without contingent commissions, insurance broker Aon said it plans to begin accepting bonus compensation from carriers once again.
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By Mark E. Ruquet, PropertyCasualty360.com |
July 22, 2010
Calling Aon's decision "troublesome and ambiguous," Willis Group Holdings roundly criticized the insurance broker's decision to accept contingent commissions while having to explain its own legacy contingent commission issue.
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By Mark E. Ruquet, PropertyCasualty360.com |
July 15, 2010
The announcement of two acquisitions this week by The Hilb Group marks the entrance of a new insurance brokerage firm by the founder of Hilb, Rogal and Hobbs, which intends to become a force in the middle market brokerage arena through specialization.
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By Mark E. Ruquet, PropertyCasualty360.com |
May 24, 2010
The three biggest insurance brokerages reported mixed results for the first quarter, with Aon seeing a big drop in net income, Marsh & McLennan reporting a substantial gain, and Willis a more modest jump.
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By Mark E. Ruquet, PropertyCasualty360.com |
April 29, 2010
Willis Group Holdings, plc, reported first-quarter net income rose 6 percent over last year as the company captured new business and continued to control costs.
