What is the difference between a broker and an insurer?

According to Brian Duperreault during his speech at the Rendez-Vous de Septembre reinsurance meeting in Monte Carlo:

“It’s instant gratification. When you bind a big piece of business, as a broker you celebrate. As a carrier, you don’t know whether to laugh or cry.”


Thanks to Regis Coccia for the original post over at Business Insurance.  (He’s looking after Sally’s column while she’s away.)

Photo by torbakhopper

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