Insurance agencies and brokerages are hot properties these days, fetching high prices as firms seek to consolidate or cash out in an ever strengthening economy.
This theme emerged during a three-day workshop on insurance business strategies in Atlanta, hosted by strategic consulting firm Reagan Consulting. In attendance were some 150 executives from leading firms in the insurance and M&A fields, with the Council of Insurance Agents & Brokers and the American Bankers Association serving as co-sponsors.
Bobby Reagan, Reagan Consulting CEO, told the attendees that valuations in the frothy insurance market had "never been higher," according to a company press release. Deal activity was described as "brisk," with the prices being paid setting new records.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
