The rise and rise of the super-provincials
Size matters and, with the sector undergoing intense merger and acquisition activity, commercial insurance is now stronger than ever
Growth of 16.2% in 2002 and annual premiums edging £20bn make commercial insurance larger than personal motor, household and personal accident combined. It also remains a secure bastion of independent advice, with brokers controlling over 90% of the business.
Of those brokers, no two are the same, varying in size, strategy and aspiration. The sector is seeing intense merger and acquisition activity.
In a competitive, growing and regulated market, size matters.
A powerful new category of broker has
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