Agents Look Long-Term For True Value
It is certainly no secret that agency values have rebounded strongly since they hit bottom in the early 1990s.
Agency values have jumped dramatically due to a combination of factors. Among these developments is the hardening property-casualty market, stratospheric public broker valuations, adoption of “best practices” management techniques, and increased competition among buyers. (For example, banks have bought more agencies than have the public brokers over the past five years.)
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