Growth down to 9% for independents
Cornell Consulting's annual review of distribution in the UK commercial market estimates that growth...
Cornell Consulting's annual review of distribution in the UK commercial market estimates that growth for the top-250 independent brokers slowed to 9% in 2004. This, the report adds, is the lowest growth since 1999 and reflects the softening cycle. If it was not for a higher level of acquisitions, growth would have been lower. The total premium income controlled by independent broking is estimated to be about £11bn, and this represents 55% of the UK commercial market and 15% of personal lines.
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