Agencies Get Good Price In Seller's Mkt.
The number of buyers for independent insurance agencies has never been greater. The agency principal interested in divestiture opportunities should be aware of the motivation behind buyers, the prices paid, and who is buying.
Direct writers focus on premium volume, post-closing retention and loss ratios when evaluating and pricing an acquisition. Their aim is greater market share and lower underwriting loss ratios. Despite direct writers cooled interest in acquisitions in recent months, they remain a great avenue for sellers looking to spin-off a personal lines book of business.
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