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June 25, 2010 in Editors' Featured
Swett & Crawford Goes Global With Cooper Gay
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Swett & Crawford, one of the nation's largest and oldest wholesale insurance brokerage firms, and London-based independent wholesale, reinsurance and specialist broker Cooper Gay, are in final negotiations to form a combined entity under a new unified holding company. Despite the revised ownership structure, Neal Abernathy, CEO of Swett & Crawford and Steve Sadler, chief operating officer, say the deal doesn't mean a great deal of change for retail agents doing business with Swett today. But in the longer-term, Abernathy and Sadler see the combination delivering more resources to Swett & Crawford's agent base on a global basis. The combination will put the wholesale brokerage giant in a much better position to handle global accounts, Abernathy says in this interview with Insurance Journal's Andrea Wells.
