...Rating Outlook Remains Stable: Revenues and earnings for U.S. insurance brokers in 2015 are likely to modestly improve relative to levels reported in the first nine months of 2014. Fitch Ratings expects operating performance and balance sheet strength to remain supportive of the existing ratings for the brokers in Fitch's ratings universe, with limited potential for rating changes over the next 12-18 months. Sector Outlook Stable from Positive: A return to flat or declining premium rate changes in commercial insurance segments and a soft reinsurance market will pressure brokers' organic growth in 2015. However, global brokers' revenues from diverse product and geographic platforms should partially offset these headwinds. Insured exposure growth from a more stable economic environment will also promote revenue expansion. Changes with the rapidly evolving healthcare environment could still provide future opportunities for brokers' employee benefits/consulting businesses. Credit Benchmark...
