Broker M&As slow in first quarter

Broker M&As slow in first quarter

Mergers and acquisitions among insurance brokers and agents declined 18% in the first quarter, falling to the lowest level of deals since the beginning of the COVID-19 lockdowns in 2020, according to a report released Friday by Optis Partners LLC.A drop-off in deals by two of the biggest acquirers over the past several years – Acrisure Inc. and PCF Insurance Services – accounted for much of the decline, the Chicago-based investment banking and financial…
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Source: https://www.businessinsurance.com/article/20240419/NEWS06/912363954/Broker-M&As-slow-in-first-quarter