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Wholesalers Get New Lease On Life After Separating From Retail Parents

Spitzer settlements in contingent fee probe opens door for new

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Last year’s separations of the three major wholesale brokers–Swett & Crawford, Crump and Stewart Smith Group–from their respective parent retail brokerage firms have translated into new opportunities and additional investments, executives told National Underwriter. None of the developments might have occurred had contingency fee probes not raised conflict-of-interest questions for such retail-wholesale combinations.

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