A businessperson in a suit points to a series of arrows showing an upward trend. The excess and surplus (E&S) sector grew more than 25% in 2021 and 2022, and the report predicts growth will continue in 2023 with an expected increase of 10% to 15% or more. (Credit: Peshkova/Shutterstock.com)

Specialty distributors consolidated over four times more than retail brokers did last year, according to MarshBerry's Q4 2022 Specialty Distribution Market Update. In fact, specialty firms recorded 157 transactions in 2022, which set a new record for the number of specialty M&A deals.

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Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].

E&S/Specialty