Broker M&A hit near decade low in October
With only two broker deals announced in October, it was the joint-lowest monthly count over the past 10 years, MarshBerry has calculated.
The experts, describing the activity as having ground to a near halt, noted the last time there were only two UK deals announced in a month was in 2017.
In October, Clear Group bought wholesale broker Commercial Risks (UK) and its managing general agent Troon Underwriting, while Seventeen Group snapped up Dashwood Brewer & Phipps.
RelatedClear adds to wholesale and MGA offering with latest deal Seventeen expands in Lloyd’s and London market with latest deal The numbers that reveal the true extentOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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