Distribution power struggle erodes independence
The acquisition of Layton Blackham and Stuart Alexander by Axa has inevitably ignited debate over th...
The acquisition of Layton Blackham and Stuart Alexander by Axa has inevitably ignited debate over the pros and cons of insurer-owned distribution. Many will be dead set against it out of concern for their futures and the future of truly independent broking. Of course, insurers buying personal lines brokers is nothing new but this commercial broker double whammy is different.
One effect this deal does precipitate is broking becoming a market consisting of the very large and the very small. And, at
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