Consolidators behind half of broker deals in 2019

handshaking

Nearly half of M&A deals in the UK insurance broking market last year involved a consolidator, according to research by Mazars.

The Insurance Broker M&A Outlook 2020 also showed that 2019 saw a particular increase in activity from PIB, Ethos Broking and Global Risk Partners (GRP), with consolidators involved in 48% of all transactions.

The research further revealed that overall deal numbers fell in 2019 compared to the year before.

Speaking exclusively to Insurance Age, Simon Fitzsimmons

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