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Broking set to shed its skin as exiting firms give way to their replacements

The number of current broking firms in the UK is set to tumble, as the exodus of small firms to join...

The number of current broking firms in the UK is set to tumble, as the exodus of small firms to join large ones continues apace. The number of brokers will halve in the next five years, according to Mark Grice, insurance partner and head of broking at accounting and advisory firm Mazars. "Consolidation will continue and the bottom end will contract a lot," he added, but advised further: "If brokers have a good niche and stay below the radar, then the margin will be higher and they will make

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What does the 2025 Budget mean for insurance brokers?

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