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Axa to acquire Smart and Cook in £2bn premium national broker push

Speculation is mounting that Harrogate-based consolidator Smart and Cook will be the next broker acq...

Speculation is mounting that Harrogate-based consolidator Smart and Cook will be the next broker acquisition to be made by Axa, in what is understood to be a bid to help form a broker with £2bn in premium income. As Professional Broking went to press, rumours abounded in certain quarters that a deal with Axa was not only probable but that it could be completed as early as mid-April. The purchase would be a major development for Axa and the UK broker market, as it would be the first consolidator

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Blog: Is an AR boom incoming?

As the number of independent brokers reduces year on year, is the appointed representative model the way forward to bolster competition in the market following years of consolidation? Rosie Simms ponders the question.

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