Big brokers maintaining margins
Commentators scrutinising the big corporate brokers' third-quarter results for good news will have been buoyed by signs of recovery after a series of challenging quarters.
Aon, Marsh, Willis, AJ Gallagher and Brown & Brown all reported figures that point to improved organic revenues and profitability from last year.
Nevertheless, margins were almost flat as the broking houses struggled to find further fat to cut in their organisations after extensive recent cost-cutting measures.
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The aggregate result for all...
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