Two New York state independent agencies recently announced a transaction.  The Riverfront Agency was recently acquired by Frank H. Reis, Inc.  Riverfront is a P&C shop with approximately $5m in premiums.  

Interestingly, this deal is the first P&C deal in New York state that we've seen in some time - but probably falls in line with the significant uptick in insurance M&A activity during the second

This is the question that we are getting day in and day out.  Our take (in short):  something is going to happen, but not the sweeping changes that the administration is looking for.  As a general statement, we don't see a wholesale impact on benefits / H&L shops out there. 

Of note, the bigger impact that we are seeing right now groups evaporate as companies shut down - certainly a regionally

Arthur J. Gallagher recently announced the acquisition of the Walker Taylor Agency, a North Carolina P&C shop.  Work is a notable agency with a long history - dating back some 140+ years.  As outlined, current management will remain in place going

Brower Insurance, the largest P&C broker in the Dayton market, recently announced the acquisition of Benchmark Insurance.  Interestingly, this is the second deal for Brower inside of the last 6 months- although they note that they do not plan any further deals.  

Marketing an Agency for a Transaction

Here is a question that we often get asked: how do you market a company? While the answer invariably is “it depends” – we’re outlining below some of the general steps that we take.

One note: it’s a generally accepted principal that a deliberate approach resulting in an offer received through a bid process is likely to be 20% higher than an

In our line of business we hear a lot of motivations behind “doing the deal.” In our experience, the best reasons often include joining a bigger team, gaining access to more resources, and continuing to grow your net income post closing. Access to more / better markets and less administrative duties can be a powerful motivator for a top producer.

But what about those that want to exit or

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Arthur J. Gallagher recently announced the acquisition of Fidelity Benefits & Insurance Services of Waco, Texas. 

The transaction continues the trend of Benefits transactions outpacing those on the P&C side, as well as the pace of consolidation in the Texas marketplace.