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MarshBerry’s Today’s ViewPoint
NEWS AND VIEWS ON THE INSURANCE BROKERAGE INDUSTRY
As the insurance brokerage landscape changes daily, you need relevant insight for today’s marketplace as seen through the eyes of MarshBerry’s experts. From Capital Market and Mergers & Acquisition insight to Organic Growth strategies and Market and Sector observations, Today’s Viewpoint is a wealth of information.
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WEALTH ADVISORY M&A ACTIVITY IN 2022 ON PACE TO EXCEED EXPECTATIONS
Even amidst uncertain market conditions of rising interest rates, record inflation and stock market volatility, merger & acquisition (M&A) activity in the wealth advisory space continue to surge at a record pace and is expected to exceed all expectations.
KICKSTART YOUR SALES KICK-OFF WITH EFFECTIVE PRODUCER TRAINING
As sales kick-off season begins for insurance brokerages – you can either prepare for the same old non-effective social gathering, or… you can kickstart your kick-off with the right insurance sales producer training that will accelerate your organic growth goals.
THE RISE OF ALTERNATIVE RISK MANAGERS
The rising rate environment paired with capacity reductions and more restrictive underwriting guidelines from carriers have resulted in insureds increasingly looking to alternative risk managers to more effectively manage their risks. A prime example of this development is the property market in Florida where five property insurers have been deemed insolvent since February and other insurers left the market, or drastically scaled back coverage, amid high losses.
M&A ACTIVITY STILL ROBUST AS SPECIALTY DISTRIBUTION TRANSACTIONS GAIN MOMENTUM
M&A activity is increasing after slow start with private equity buyers leading the volume of deals. Meanwhile, interest in specialty brokers is on the rise, with valuations surpassing retail brokers for the first time.
SURPLUS LINES MARKET PERFORMANCE
In Today’s ViewPoint, watch Gerard Vecchio, Managing Director – MarshBerry, talk with Brady Kelley, Executive Director of the Wholesale & Specialty Insurance Association (WSIA) on surplus lines performance, stamping office projections and their outlook on the market for the balance of 2022.
REDEFINING THE ROLE OF INSURANCE AGGREGATORS TO GROWTH ACCELERATORS
As agency consolidation continues to reshape and repopulate the insurance distribution landscape, so must the role (and perception) of insurance aggregators if it intends to deliver value to its participants and carrier partners.
PUBLIC BROKERS ONCE AGAIN OUTPERFORM THE BENCHMARK INDICES
Amidst the current market volatility, the broker composite index again outperformed benchmark indices through July 31, 2022, highlighting the strong fundamentals of the insurance brokerage industry. While the S&P 500 and the Dow Jones Industrial Average ended July in negative territory, the public broker composite handily outperformed both major indices.
THE M&A VALUATION DIRTY LITTLE SECRET
In the world of M&A valuations, the insurance industry has a dirty little secret. Most know that deal valuations for insurance brokerages have been increasing for more than a decade and most investments have performed much better than expected. The dirty little secret is why strong, and potentially increasing, valuations should continue in the insurance M&A market, even during a period of rising interest rates and economic uncertainty.
Alera Group has acquired Greenhill Insurance Services
MarshBerry served as the financial advisor to Greenhill Insurance ServicesSeptember 2022 Acquisition
Partners Group has invested in Foundation Risk Partners
MarshBerry served as the financial advisor to Foundation Risk PartnersAugust 2022 Acquisition
Scottish American has acquired Brookside General Insurance Services, Inc.
MarshBerry served as the financial advisor to Brookside General Insurance Services, Inc.August 2022 Acquisition
Oakbridge Insurance has acquired J. Barry Walker Insurance Group LLC
MarshBerry served as the financial advisor to Oakbridge InsuranceJuly 2022 Acquisition
Specialty Program Group LLC has acquired ESP Brokerage LLC
MarshBerry served as the financial advisor to ESP Brokerage LLCJuly 2022 Acquisition
Hub International Limited has acquired Alexander & Company, Inc.
MarshBerry served as the financial advisor to Alexander & Company, Inc.July 2022 Acquisition
Alera Group has acquired Noyle Johnson Insurance, Inc.
MarshBerry served as the financial advisor to Alera GroupJuly 2022 Acquisition
PCF Insurance has acquired John E. Peakes Insurance Agency, Inc.
MarshBerry served as the financial advisor to John E. Peakes Insurance Agency, Inc.June 2022 Acquisition
Patriot Growth has acquired BMT Insurance Advisors
MarshBerry served as the financial advisor to BMT Insurance AdvisorsJune 2022 Acquisition Marsh McLennan Agency has acquired Clark Insurance
MarshBerry served as the financial advisor to Clark InsuranceMay 2022 Acquisition Brown & Brown, Inc. has acquired Claim Technologies Incorporated
MarshBerry served as the financial advisor to Claim Technologies IncorporatedMay 2022 Acquisition
Field Pros Direct has acquired Dineley Claims Services, Inc.
MarshBerry served as the financial advisor to Dineley Claims Services, Inc.May 2022 Acquisition Specialty Program Group, LLC has acquired Jones Birdsong, LLC
MarshBerry served as the financial advisor to Jones Birdsong, LLCMay 2022 Acquisition Patriot Growth Insurance Services, LLC has acquired PFG Benefits, Inc.
MarshBerry served as the financial advisor to PFG Benefits, Inc.May 2022 Acquisition Patriot Growth Insurance Services, LLC has acquired DMM Advisors
MarshBerry served as the financial advisor to DMM AdvisorsApril 2022 Acquisition Risk Placement Services has acquired G. A. Mavon & Co. & its wholly owned subsidiary, Mavco Insurance Agency
MarshBerry served as the financial advisor to G. A. Mavon & Co. & Mavco Insurance AgencyApril 2022 Acquisition Hub International Limited has acquired ChunHa-Holding Corp
MarshBerry served as the financial advisor to ChunHa-Holding CorpApril 2022 Acquisition Peloton Capital Management has invested in Unison Risk Advisors
MarshBerry served as the financial advisor to Unison Risk AdvisorsApril 2022 Acquisition The Hilb Group, LLC has acquired Paige & Campbell, Inc.
MarshBerry served as the financial advisor to Paige & Campbell, Inc.March 2022 Acquisition Arthur J. Gallagher & Co. has acquired Hawley & Associates, LLC
MarshBerry served as the financial advisor to Hawley & Associates, LLC