Gallagher loses ground amid soft market slog
AJ Gallagher suffered negative organic growth of 3 percent in the first half of 2010, as the New York-listed broker struggled with the enervating soft market and higher costs.
Along with its peers in the broking world, Gallagher is faced with the challenge of maintaining its margins and revenues in mature markets subject to recessionary pressures, soft pricing and high expenses.
And as the first of the major global brokers to report, Gallagher's results echo evidence seen elsewhere in the...
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