Search
 

Who do agents and brokers really work for?

Chairman and CEO of Willis Group Holdings says "you can only serve one master. It's either the carrier or the client. You can't work for both."

By staff Writer | Updated on July 19, 2010

Joe Plumeri, head of Willis Group Holdings, went beyond blasting the potential conflicts for brokers accepting contingency fees to urge buyers to ask who “independent” agents actually work for in an opinion column in this week’s National Underwriter.

Plumeri, chairman and chief executive officer of Willis, wrote in the July 19 “Final Say” that “whether you’re a big global broker like Willis or a local insurance agency…you can only serve one master. It’s either the carrier or the client. You can’t work for both.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.