Big brokers grow at expense of smaller rivals, says new review
UK top-tier intermediaries have seen significant expansion at the expense of medium-sized and smalle...
UK top-tier intermediaries have seen significant expansion at the expense of medium-sized and smaller brokers in the year to February, according to Cornell Consulting's annual retail commercial market review.
The report, which excludes international and Lloyd's brokers, estimated the top 10 UK brokers, which include most of the consolidators, now control £2.25bn in premium income - an increase of 32% on last year's £1.7bn. This represents a 17% share of the UK commercial market compared with the
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