Questions asked over consolidator model
Recent acquisitions and shareholder tension at consolidators puts model under the spotlight
The merits of the consolidator model came under scrutiny again last month as mainstays Giles and Towergate returned to occupy column inches.
Fresh after its high-profile acquisition by Arthur J Gallagher, Giles stirred controversy when it confirmed to its class A and B shareholders in Expectrum that “there are no proceeds available for any payment”.
The ramifications of the Insurance Age exclusive divided the marketplace with some expressing outrage at the news and others insisting that due to
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