Levels of frustration among talented brokers is running high – expect an exodus of talent to smaller firms where creativity and innovation are back on the table, says Mike Schnur, partner at TigerRisk.

Frustration with the growing levels of bureaucracy that exists in the industry’s big three brokers is spiralling out of control and there could soon be an exodus of senior talent heading for pastures new as a result.

That is the stark warning from Mike Schnur, partner at TigerRisk, the reinsurance broker formed almost five years ago by industry veterans Rod Fox and Jim Stanard. Since then, the com­pany has attracted an impressive pool of talent and big names away from the bigger players and he says this flow of talent into smaller players is only going to increase.

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