It’s tough at the top

A series of changes at the top of the industry’s giants has thrown the ongoing travails of the broking sector into sharp focus.

In the space of just a few months Gallagher Heath, Willis, Towergate and Bluefin (see timeline below) have all seen senior management changes.

One market source told Insurance Age the moves could perhaps be seen as a degree of cost cutting. “Such guys are on big money to deliver big numbers and maybe shareholders are thinking ‘we won’t see any growth for three to five