“This return to a ‘normal’ number of deals is to be expected considering the surge in deals last year along with the fact that a lot of the agency owners contemplating whether or not to sell pulled the trigger on it in the last few years. The inventory has shrunk,” Dan Menzer, partner at OPTIS, said in a release. (Credit: Feodora/Adobe Stock) “This return to a ‘normal’ number of deals is to be expected considering the surge in deals last year along with the fact that a lot of the agency owners contemplating whether or not to sell pulled the trigger on it in the last few years. The inventory has shrunk,” Dan Menzer, partner at OPTIS, said in a release. (Credit: Feodora/Adobe Stock)

Through the first three quarters of 2022, there have been 627 insurance agency mergers and acquisitions, a 6% decline compared with the same period the year prior, according to OPTIS Partners.

When looking at deals only involving agencies in P&C, employee benefits and TPAs spaces, the year-on-year decline was 14%. On paper, the decline might appear that the market is slumping, but OPTIS noted the deal volume seen in Q3 2022 was the second-highest recorded total for the period and is 8% above the prior five-year average.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

More from this author

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.