Retail-Wholesale Conflicts Debated International Editor
While industry practitioners say there is an inherent conflict of interest in a retail broker owning a wholesale broker, others say, with strong firewalls, it isnt an issue.
“An independent agent is competing with Marsh retail and Aon retail every day,” said one independent wholesale broker, who didnt want to be identified. “So why would somebody want to send their business and divulge all that information to a competitor?”
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