NU Online News Service, April 9, 3:39 p.m. EDT

Larger insurance brokers are expected to see improvements in earnings as the market cycle begins to turn, but middle market brokers may still suffer from the effects of the economic downturn, according to a financial analyst's report.

Keefe, Bruyette & Woods issued its "Property and Casualty 1Q09 Earnings Preview: Relative Normalcy" today, saying overall p-c results are expected to be mixed as "pricing remains flattish" with premium pricing ranging from down 2-3 percent to up 5 percent excluding short-tail reinsurance lines.

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