Selling out may seem like a lucrative plan for program managers being wooed by carriers, but those who sign on to high-priced acquisition deals risk killing their entrepreneurial spirit, some veteran program administrators warn.
“There are really some incredible things going on in mergers and acquisitions–not all good in my opinion,” said Greg Thompson, chairman and chief executive of THOMCO, a Kennesaw, Ga.-based program administrator.
Mr. Thompson, also president of the Delaware, Md.-based Target Markets Program Administrators Association, described program administrators as the hottest targets in the industry right now for carriers seeking acquisition candidates.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
