Taking on the big guns
This month's discussion focuses on the recent spate of insurers buying successful independent brokerages and what it means for the future health of the market, including whether this buying spree will inspire more start-ups and the importance of SME business
In the past few months, there has been a buying spree among insurers that have bought successful independent brokerages such as Layton Blackham, Stuart Alexander and Carole Nash. Is this trend set to continue and will it further change the face of distribution?
Mike: I can't see it stopping now and I know that there are two or three large potential acquisitions of distribution by insurers in the pipeline at the moment. Right now, there's a scramble for distribution among carriers.
Peter F: With
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