The acquisition is “not good for clients” but because it’s good for Marsh they want to push ahead? Wow, amazed that good the client/insured does not matter to a broker at this point!
Optimism doesn’t necessarily result in increased revenue during times of uncertainty. This type of response is understandable given the presence of shareholders, but it will not produce results if the market dynamics continue to deteriorate.
I get it, worked at Marsh in leadership and was disciplined to give these types of answers. But seriously, big brokers and insurance companies hate hard markets. All their programs, special deals and extra coastal property capacity vanish. Now smaller agencies (like mine) LOVE hard markets. We grab new clients from the big guys since the playing field is way more level (you’ve got Lloyd’s, I’ve got Lloyd’s).
The acquisition is “not good for clients” but because it’s good for Marsh they want to push ahead? Wow, amazed that good the client/insured does not matter to a broker at this point!
Oh yeah, revenue is down, the outlook is dreary a major competitor is about double in size and ferocity but YES, life is beautiful at MMC!
Optimism doesn’t necessarily result in increased revenue during times of uncertainty. This type of response is understandable given the presence of shareholders, but it will not produce results if the market dynamics continue to deteriorate.
I get it, worked at Marsh in leadership and was disciplined to give these types of answers. But seriously, big brokers and insurance companies hate hard markets. All their programs, special deals and extra coastal property capacity vanish. Now smaller agencies (like mine) LOVE hard markets. We grab new clients from the big guys since the playing field is way more level (you’ve got Lloyd’s, I’ve got Lloyd’s).