July 25th, 2013

PA/MGA Survey: Growth Through Acquisitions, Part I

Posted at 1:00 AM ET

Program carriers continue to be interested in making acquisitions, although their level of interest appears to continue to wane. This year, 44 percent of respondents indicated an interest in growing through acquisitions (down from 56 percent, last year). When queried on the types of acquisitions they are seeking, most respondents’ interests appear to be acquiring either MGA/PA firms (38 percent) or teams of people (35 percent). Both types each represented 43 percent of respondents, last year. It also appears that carriers are continuing to look at buying other insurance carriers, although interest has waned somewhat. Twenty percent of the respondents indicated they are interested in this growth area.

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