Five major insurance brokers will find it difficult to grow revenues through 2007, as they continue to be challenged by the soft market while adjusting to life without contingent commissions, Bear Stearns contends.
Indeed, insurance brokers will be faced with a “challenging operating environment” over the next 12-to-18 months, according to a research report issued by analysts David Small and Brandon Young.
The soft market will impact organic revenue growth, coupled with diminished increases in the Southeast from the hard property market, according to the analysts, who also expect intense competition among the brokers for business.
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