Pressure Persists In Insurance, (AJG, BRO, WSH)

Insurance brokers Arthur Gallagher (NYSE: AJG), Brown & Brown (NYSE: BRO) and Willis Group (NYSE: WSH) remained negative on growth and margin prospects. The revenue growth and margins are still under pressure from declining prices.

JPMorgan (NYSE: JPM) reiterated the guidance for 4Q but believes 2010 will outperform in relative terms. Barclays has cut estimates for the current quarter to $0.57 from $0.64.