Small insurance brokers with leaner operations may do better than their larger competitors and experience some modest growth through the current soft market, said a ratings analyst.
The comments came during Fitch Ratings teleconference to discuss its latest report, “Review and Outlook 2007-2008, Insurance Brokerage Industry.”
James Auden, managing director of insurance for Fitch Ratings in Chicago, said during the teleconference that the size of the smaller brokerage firms is an advantage because they are “much leaner” organizations with small staffs that can produce more revenue.
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