Superior size helps, but doesn't guarantee knockout to win over buyers
With producers of all sizes challenged to make up for lost revenue in a rapidly changing marketplace, the battle for middle-market business–however one defines such a target–is becoming something of a free-for-all, industry observers warn.
Indeed, with prices (and thus commissions) falling in a softening market, and with the major brokerages giving up lucrative contingency fee revenue to lighten the fallout from bid-rigging and steering revelations, middle-market accounts are becoming prime targets for big and small producers alike, these observers contend.
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