2009: stepping into the unknown
A near-catastrophic global banking collapse and the worst recession in living memory have all affected insurance broking. Andrew Tjaardstra reviews the big stories from an unprecedented year.
Wow, what a year. Across all modern economic history (dating back to around 1800), what has been termed as the Great Implosion could rank alongside the Great Depression as one of the worst financial disasters. Without huge government support, we may well have witnessed the collapse of the banking system - and presumably capitalism alongside it.
Even Goldman Sachs, the institution considered smarter than all the rest, required a $10bn government bailout; its chief executive officer has recently
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