UK broker market most rapidly consolidating in Europe, research shows

clock striking twelve with pound sign

Findings attributed largely to Arthur J Gallagher's recent deals.

Arthur J Gallagher’s recent acquisition activity has made the UK non-life broking market the most rapidly consolidating out of four of Europe’s largest markets, according to financial services firm Finaccord.

The business also said that Gallagher could soon pose a threat to the likes of Aon and Marsh as a result of its "transformation".

Finaccord looked at the UK, France, Germany and Italy non-life broking markets.

The company’s research revealed that the Italian market displays the highest

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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.

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