The chief executive of the world's largest insurance brokerage firm said the direction that insurance market prices are taking is unclear so far, but it appears inevitable there will be broad-based increases.
Michael G. Cherkasky, president and chief executive officer of Marsh & McLennan Companies, made his comments today at the Goldman Sachs Financial Services CEO Conference.
In response to an audience inquiry, he said that it remains an open question what impact there will be on business from the past season's hurricanes.
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