In-depth - succession planning: Buying in to buyouts

baton-pass-succession-race-1

When it comes to selling up and moving on, a management buyout could ensure a brokerage’s culture survives succession

Management buyouts (MBO) are cementing their status as a popular strategy for brokers looking to retire and make an exit from their businesses.

According to experts, MBOs appeal to brokers who want to hand over their firm to someone they trust and who will make sure it remains the same in terms of its culture, staff and service to existing clients. 

However, the specialists warn of a lengthy process that takes more time and effort than most brokers expect, with several highlighting that an MBO

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: