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Insurance broker. An insurance broker is an intermediary who sells, solicits, or negotiates insurance on behalf of a client for compensation. An insurance broker is distinct from an insurance agent in that a broker typically acts on behalf of a client by negotiating with multiple insurers, while an agent represents one or more specific insurers ...
Unlike insurance agents who service one or more insurance companies, brokers represent clients, helping them find the best insurance policies to meet their unique needs. While using a broker can ...
The Bottom Line. broker in insurance. Insurance brokers can help take the pain out of shopping for a new policy. Instead of comparing several options from dozens of insurers on your own, a broker ...
Number of employees. 52,000 (2023) Website. AJG.com. Footnotes / references. [1] Arthur J. Gallagher & Co. ( AJG) is an American global insurance brokerage and risk management services firm headquartered in Rolling Meadows, Illinois (a suburb of Chicago ). The firm was established in 1927 and is one of the largest insurance brokers in the world.
Independent agents are independent contractors for the insurance companies they represent. Several companies may authorize the agent to sell for them, but the agent remains an independent businessperson. While the agent collects commissions, they do not collect a salary from the companies they represent. On average, independent agents work with ...
Lockton is an American company that provides insurance, risk management, and employee benefits. It is the world's largest privately held insurance brokerage firm. In addition to its Kansas City, Missouri headquarters, Lockton operates more than 130 offices and transacts business in more than 140 countries. Lockton currently employs more than ...
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