Leaner brokers rated for growth
Shares in the three global brokers have undergone a re-rating in the past year, based on expectations of improved US economic activity and a possible end to the US P&C soft market, and as continued strong growth from emerging markets feeds into leaner operating structures.
The big three broker stocks have risen strongly over the past year as cost-cutting initiatives and drives to capture new business paid dividends. Marsh shares have gained the most over the past year, up 26...
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