Analysis: The Yanks are coming
US-broker Brown & Brown has firmly stuck its flagpole into UK soil by buying GRP. David Worsfold considers what this means for the wider sector and asks if more US-firms will stake their claim on the consolidators.
Brown & Brown’s dramatic entry into the UK broking sector has set off a whirlwind of speculation about the future of a sector already in the grip of an M&A epidemic.
At the epicentre of that speculation is the future of the consolidators who have so changed the landscape of the UK broking sector over the last decade, with Brown & Brown’s target, Global Risk Partners, among the most aggressive and most successful (see box, p15). For many the key question is now: if – or when – we will see
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