Top independant brokers rule the roost in 2003

During the year, only 14 brokers in the top 250 merged were acquired or joined a Network. This is down from 20 in 2002. Folgate who acquired 7 dominated this activity. The biggest single acquisition was Becketts by Country Mutual. These 2 brokers now handle in excess over £500m of premium. This is 5% of the sector and 50% of the top 10.

In 2000, when the study started, there were only 4 brokers over £40m, now there are 25 and 15 over £25m compared with 50 now.

There has been considerable activity

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