Are the barbarians finally starting to beat a retreat?
In early 2003, I wrote an article entitled 'Barbarians at the Gate', warning the industry of the imp...
In early 2003, I wrote an article entitled 'Barbarians at the Gate', warning the industry of the impact on the market of the new breed of broking consolidators that were financed from outside the sector.
Outside investors were, for the first time, attracted to invest in the general insurance broking sector because of unprecedented high levels of return arising from the hard market and the growing need for consolidation because of ageing principals. However, the real worry was that consolidators
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