The largest brokerage acquisition so far this year does not signal a change in merger and acquisition strategy for insurance broker Brown & Brown, says its CEO, but an industry consultant says it could set the tone for future private equity firm deals.
Recently I had the pleasure of speaking at the third annual WorkComp Advisory Groups Knowledge and Networking event. (The organization works with independent agencies to develop sales strategies, centered on but not exclusively targeted to Workers Comp.)
One year ago, the LexisNexis Insurance Exchangeresulting from an alliance among LexisNexis Risk Solutions, the Council of Insurance Agents & Brokers (CIAB) and Marketcore Inc.was launched in an early adopter release to 16 brokerages and five member carriers. The systems goal: to simplify the submission of midmarket commercial-lines risks by...