A poll of insurance brokers in the third quarter of 2008 found that nearly 42 percent of firms responding had negative organic growth during the first nine months of the year, according to an Atlanta-based consulting firm.
Reagan Consulting said the findings were contained in its first quarterly Organic Growth & Profitability Survey of insurance brokers and that it is already compiling another survey for full-year results.
Reagan said its first study accessed information from 109 insurance brokerages with median annual revenue of more than $15 million. The study, for context, also provides comparisons to results of publicly traded brokers Aon, Arthur J. Gallagher, Brown & Brown, Marsh and Willis.
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