Its A Sellers Market For Successful Agencies
Never have there been more buyers vying for insurance agencies. Banks, insurance brokers and companies, securities firms, private consolidators, super-regionals, and independent agencies collectively have insatiable appetites that will create more activity during 2002 than during 2000 and 2001. It is a sellers market.
To compete, some agencies will need to seek consolidation. The number of independent agencies has declined rapidly during the past 10 years and the numbers will continue to dwindle. Agencies with revenues of less than $1 million will face the brunt of consolidation.
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