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Moody’s rates most brokerages just 'stable'

The global insurance brokerage industry is doing pretty well these days, all things considered.

By Dan Cook | Updated on October 25, 2013

The global insurance brokerage industry is doing pretty well these days, all things considered. But a report from Moody’s Investor Service rates the outlook for just two brokers as “positive,” with the other nine earning only a “stable” label. And Moody’s appears less than enthusiastic about the amount of leverage on the books of several privately held brokers.

Moody’s took a peek at the world’s largest brokers to determine if they were returning to health following the trauma many suffered during the recession. The public brokers are deleveraging “gradually,” said Ben Goldberg, Moody’s Analyst and co-author of the report. But several smaller private ones “took on substantial new debt to help fund leveraged buyouts in 2012-13,” he noted.

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Dan Cook

Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.

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