There are in excess of 35,000 independent insurance agents and brokers in the United States, and the vast majority of them are privately held.
Our experience would suggest that they are privately held for a number of reasons including the autonomy they desire, the quality of life they enjoy, the economic opportunities presented and the competitive advantages that can come from private ownership.
In spite of the many potential advantages that can be gained by private ownership, many agents come to the point of selling their organization to third parties. For some, it allows them to best accomplish their personal and corporate objectives. There are others, though, that still desire to remain privately held, but they have gotten themselves into a position where they cannot continue to do so. In many instances, this happens because they simply do not understand what it will take to remain privately held.
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