M&A deals hit £6bn in 2021
The latest annual review published by IMAS explains the "M&A frenzy" and warns of challenges ahead.
IMAS has revealed that 2021 saw the highest number of UK insurance distribution M&A transactions ever recorded with 145 deals adding up to more than £6bn.
The M&A expert’s annual review highlighted that in 2021 there were more than twice as many transactions valued at above £5m than in 2020 with 78 compared to 33.
According to IMAS, 12.5% of all UK insurance distribution businesses employing 10 or more staff were sold.
Due to the ‘M&A frenzy’, IMAS outlined that there are currently just under
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Broker
Alan Boswell buys Suffolk broker
Alan Boswell Group has bought commercial insurance broker Andrew Thompson and Associates in its first deal of the year after two purchases in 2024.
Biba 2025 Countdown: Markel’s Jo Sykes
Jo Sykes, divisional director, broker & ATE UK at Markel, promises a partnership with an Olympic champion; expects to see another uptick in attendance at its annual hospitality event; and looks forward to putting her sore feet up and checking the iPad for action points at the end of it all.
Howden partners with the Lawn Tennis Association
Howden has served up a three-year partnership with the Lawn Tennis Association.
SFO accuses United Insurance Brokers of failing to prevent international bribery
The Serious Fraud Office has accused United Insurance Brokers Limited of failing to prevent international bribery and representatives of the company will appear before Westminster Magistrates’ Court on Wednesday 7 May to face the charges.
Axa warns brokers on criminal gangs targeting vacant commercial properties
Axa UK has urged brokers to make sure customers are vigilant about criminal gangs targeting empty commercial properties as the insurer has seen a steep rise in the problem in recent months.
A-Plan details £3.6m rebrand spend as turnover ticks up but profits dip in 2024
A-Plan, now rebranded as Howden, grew turnover by 2.1% to £167.3m in the year ended 30 September 2024 as investments in staff, rebrand costs and IT spend hit the bottom line.
People Moves: 14 – 17 April 2025
Stay in the loop with the latest insurance personnel moves.
Biba 2025 Countdown: Flood Re’s Kelly Ostler-Coyle
Kelly Ostler-Coyle, head of communications and stakeholder engagement, Flood Re looks forward to sharing information about its Chelsea Flower Show medal-winning Flood Resilient Garden, handing out Freddy the Flood Re ducks, and expects Oasis sound-tracked bubbles to flow.