MarshBerry: Deal pricing to stay strong in 2024 but unlikely to go higher


Competition among consolidators supported insurance distribution deal prices in 2023 with ongoing demand likely to keep it robust this year, M&A specialist MarshBerry has calculated.

The firm, known as Imas before being bought out last year, revealed in its annual market report that there were 148 deals in 2023, taking volume back to the record set in 2021.

However, another record number – 89 – of smaller deals with a price of less than £5m drove total M&A value down 8% year-on-year to £3.9bn.

According to the experts, valuations with ‘teens’ multiples were still achievable but they warned the devil was in the detail with structures shifting.

Buyers are becoming “more

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

You are currently unable to copy this content. Please contact 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


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

My Insurance Downtime: Clear Group’s Dawn Dalby

Clear Group’s Dawn Dalby offers us a window into her life outside of insurance including her addiction to Married At First Sight, becoming a fan of Jeffrey Archer during jury service when 19 and a preference for winter comfort food.

Most read articles loading...

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: