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Brokers M&A deals fall during the first quarter



Mergers and acquisitions involving U.S. and Canadian insurance agents and brokers fell to their lowest level since 2016 in the first quarter of 2022, with 123 announced deals among traditional agents and brokers, according to a report from Optis Partners LLC.

Business fell 28.9% year-over-year, according to a report released by Chicago-based investment banking and financial consulting firms on Monday.

“Many agency owners who had considered selling in recent years were forced to act by record valuations and concerns about tax increases. Although valuations are still very high, concerns about tax increases have abated,”

; said Timothy J. Cunningham, managing partner of Optis, in a statement. statement.

Brokers and agents have broadened the scope of their acquisition targets, and in the future, Optis will include life insurance, wealth management and other activities associated with insurance distribution in its business, the company said. Including the new categories, there were 149 transactions during the first quarter.

The most active buyer in the first quarter was Grand Rapids, Michigan-based Acrisure LLC with 14 announced deals, followed by Hub International Ltd. with 12, and Schaumburg, Illinois-based Inszone Insurance Services LLC with 10.


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