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Mergers and acquisitions : 2018 has broken records, according to a consulting firm



February 7, 2019 10:15

Photo : Freepik

According to a report by the consulting firm, investment bank and financing specialist in the insurance industry, OPTIS Partners, 2018 has been a record year in terms of transactions for agencies and insurance brokerage firms in the United States and Canada.

In effect, 626 agreements have been recorded, including 330 transactions in the second half of the year, and 148 in the fourth quarter. It is 15 transactions of more than 2017, which was then the busiest year.

“The market for mergers and acquisitions of agents and insurance brokers continues to surprise and exceed expectations. And there is no sign of a slowdown in the short term, ” says Timothy J. Cunningham, managing director of OPTIS.

The five acquirers the most active have been Acrisure (101 acquisitions), Hub International (59), Assured Partners (37), Arthur J. Gallagher (36) and Broadstreet Partners (34), according to a census of OPTIS. They account for 62 % of all transactions.

More than half of the transactions (55 %) have been conducted by agencies in the property and casualty insurance, reveals to the firm. The transaction benefits have accounted for 23 % of the total.

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