The Blog Spot: An exciting return to local focus

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Following reports of a rise in the number of start-up brokers, Ida Axling says it is great to see that the entrepreneurial spirit remains strong in the broking sector.

After years of aggressive consolidation in the broking sector, it is easy to wonder whether there will be any independent brokers left in ten years.

It may be an overly dramatic interpretation, but a quick search tells me the team at Insurance Age has written 73 articles about deals in the UK broking sector so far in 2021. This is more than two per week.

In February, M&A experts IMAS warned that consolidators were running out of targets because there are few businesses left of a size and scale

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Lycetts buys broker Cheviot

Lycetts has strengthened its presence in the North East, purchasing fellow Newcastle-based broker Cheviot Insurance Services.

SRG buys broker R3

Specialist Risk Group has bought specialist insurance broker, R3, its eleventh acquisition of the year.

Broking Success: Bletchley’s Angela Irvine

Angela Irvine, sales director of Bletchley, outlines how the Birmingham-based broker is looking to build on its solid foundations whilst its independent status is unlikely to change anytime soon.

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