NU Online News Service, Aug. 1, 11:43 a.m. EDT
NEW YORK—A well-run insurance company does not need a hard market to make a profit, and companies that are anxious to see one are desperate for the income, the chief executive of Marsh & McLennan Cos. says.
In an address here at the Lloyd's of London client event last week, Brian Duperreault, president and CEO of Marsh & McLennan, discussed whether a hard market will be coming soon and what the motivation for it is.
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