Top 100 Brokers 2021: Analysis - M&A over the past 12 months – and what is to come
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IMAS director Olly Laughton-Scott considers the effects of acquisitions on the broker space in 2020
Olly Laughton-ScottCovid has treated the insurance distribution sector, with notable exceptions, relatively kindly. The fact that the industry has proved so resilient has underpinned the investment thesis that the sector is both cash-generative and robust. The majority of M&A activity in recent years has been focused on commercial lines, and indeed Covid has resulted in very few casualties among this group of brokers.
Before we look at the past 12 months, it
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