Analysis: Spotlight falls on personal lines amid consolidation frenzy
After a record breaking year for deals by value and volume, specialists analyse what is driving the market and where the acquisition rush will go next. Emmanuel Kenning reports.
There was a record number of deals and money spent on consolidation in the UK insurance distribution market in 2021, according to figures from IMAS Corporate Finance.
The M&A specialists’ annual update detailed that 145 buys – up from 108 in 2020 – cost just over £6bn.
The breakdown of the numbers revealed that there were 78 deals for businesses worth over £5m. These spanned across commercial and personal lines broking, MGAs & wholesale, as well as Lloyd’s brokers and reinsurance (see graph
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