So Kroll is bullish on Marsh & McLennan (MMC
), which owns the world's top insurance broker; Hilb, Rogal & Hamilton (HRH
), the seventh-largest U.S. broker; Arthur J. Gallagher (AJG
), with 200 offices in the U.S. and eight foreign nations; Brown & Brown (BRO
), a diversified broker selling primarily property and casualty; and Willis Group Holdings (WSH
), serving the construction, aerospace, and energy industries.
Analyst Joanne Smith of Salomon Smith Barney (C
) has raised her rating on Marsh & McLennan from "buy" to "strong buy." Says Smith: "We are comfortable that MMC could produce better-than-expected earnings and revenue growth due to a probable hardening in primary and reinsurance property and casualty premium rates." By Gene G. Marcial