Morning Briefing: Global brokers survey sees shift at the top

Morning Briefing: Global brokers survey sees shift at the top | Insurance Business America

Morning Briefing: Global brokers survey sees shift at the top
Global brokers survey sees shift at the top
A new episode of AM Best TV looks at the firm’s survey of global insurance brokers and the move up to third place of Arthur J Gallagher & Co. However it suggests that things could change with the recent announcement of the merger of Willis Group and Towers Watson. Executive editor of Best’s Review, Patricia Vowinkel explained: “The list is of the top global insurance brokers and is based on 2014 results by total revenue. Each spring, A.M. Best reaches out to brokers requesting them to provide us with their financial information, which we then verify and publish.”

Analysis accompanying the list also looks at what is driving the insurance broker industry. “A.M. Best sees three things driving this industry: offers of multiple services, a company’s size and its global reach (which recently has become very important) and brokers empathizing their actuarial, advisory and benefits management abilities,” added Vowinkel. The video is available at ambest.com
 
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