Insurance agency mergers and acquisitions hit an all-time high in 2012—with 291 total transactions in the U.S. and Canada—according to a recent study.
The study analyzed reported transactions from various sources, and includes retail and wholesale agencies and brokerages, and MGAs/MGUs selling property & casualty, employee benefits and life/financial services products.
Read more of PC360's coverage of the study HERE.
Interestingly, while the majority of the 291 acquisitions in 2012 were made by privately owned agency groups, none of the top-10 most-active buyers in the year were privately owned.
Click “next” to see which agencies and brokerages were the Top 10 buyers in 2012.
10. CBIZ
Announced Transactions in 2012: 5
Total Transactions since 2008: 13
Ownership: Public
9. Western Financial Group
Transactions in 2012: 5
Total since 2008: 14
Ownership: Bank
8. Digital Insurance
Transactions in 2012: 9
Total since 2008: 21
Ownership: Public
7. Marsh McLennan Agencies
Transactions in 2012: 9
Total since 2008: 23
Ownership: Public
6. USI Holdings
Transactions in 2012: 10
Total since 2008: 30
Ownership: Private-equity backed
5. Brown & Brown
Transactions in 2012: 15
Total since 2008: 102
Ownership: Public
4. Assured Partners
Transactions in 2012: 17
Total since 2008: 23
Ownership: Private-equity backed
3. Confie Seguros
Transactions in 2012: 18
Total since 2008: 32
Ownership: Private-equity backed
2. Hub International
Transactions in 2012: 21
Total since 2008: 91
Ownership: Private-equity backed
1. Gallagher
Transactions in 2012: 30
Total since 2008: 102
Ownership: Public
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