Private-equity firms are still interested in acquiring specialty wholesalers and managing general underwriters, but they are up against some aggressive competitors offering higher deal prices, consultants say.
Speaking to PropertyCasualty360.com for a series of reports on merger-and-acquisition activity in the specialty lines space recently, deal experts highlighted the growing appetites of carriers, wholesalers and large program managers for specialized underwriting agencies in niches like recreational marine, antique cars and slices of the medical-malpractice market.
What about PE firms?
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