"The economic change of rising interest rates and a reduction in the supply of sellers has fundamentally changed the value proposition that the insurance distribution business represents," said Tim Cunningham, managing partner at Optis. Credit: izzuan/Stock.adobe.com
Through the first 9 months of this year, insurance M&A deals in the U.S. and Canada were down 27% compared with the year prior, according to Optis Partners. There were a total of 534 deals during the period compared with 729 during the same timeframe in 2022.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
