National Underwriter Property and Casualty Breaking News - Feb 19, 2010Aon Corporation (AON)
-
Meyer Shields
at
Stifel NicolausIn lifting the ban, she said the attorney general and insurance department would continue to support moves to require "all insurance brokers and carriers to fully disclose their compensation arrangements to current and prospective clients"
In an analyst's note, Meyer Shields, with the firm of Stifel Nicolaus, said there was no downside to the agreement for the brokers involved, which translates into a drop in expenses for compliance, better competitive positioning, and resumption of collection of some contingents by Marsh and Aon In a statement, Chicago based
Aon's president and chief executive officer, Greg Case, said his firm "very much appreciates the moves made toward consistent business practices for all brokers" However, he added, "our overriding consideration is to act in the best interests of our clients at all times
Aon will continue to lead the industry in terms of delivering value to our clients, including helping our clients fully understand what we do, how we do it, and how we get compensated"
Share:
In lifting the ban, she said the attorney general and insurance department would continue to support moves to require "all insurance brokers and carriers to fully disclose their compensation arrangements to current and prospective clients"<span class="sent"> In an analyst's note, <span class="analyst">Meyer Shields</span>, with the firm of Stifel Nicolaus, said there was no downside to the agreement for the brokers involved, which translates into a drop in expenses for compliance, better competitive positioning, and resumption of collection of some contingents by Marsh and <span class="company">Aon</span></span> In a statement, Chicago based <span class="company">Aon</span>'s president and chief executive officer, Greg Case, said his firm "very much appreciates the moves made toward consistent business practices for all brokers" However, he added, "our overriding consideration is to act in the best interests of our clients at all times <span class="company">Aon</span> will continue to lead the industry in terms of delivering value to our clients, including helping our clients fully understand what we do, how we do it, and how we get compensated"...In lifting the ban, she said the attorney general and insurance department would continue t
Tweet this