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Ryan Says Brokers Now More Transparent

New York--Patrick Ryan, Aon Corp. chairman, speaking at an insurance industry conference, said over the long term brokerages will benefit from a more transparent ...

By Michael Ha | Updated on February 11, 2005

New York–Patrick Ryan, Aon Corp. chairman, speaking at an insurance industry conference, said over the long term brokerages will benefit from a more transparent environment that is being created by investigations of their business.

Appearing at this week’s Standard & Poor’s annual insurance conference titled “Insurance 2005: Under the Microscope,” Mr. Ryan acknowledged that in the short term brokers will be hurt by income lost after investigatory pressure led them to end contingent-fee arrangements

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