That was according expert industry panellists attending Insurance Times’ Broker CEO Forum retreat on 16 and 17 November 2023, who also said that such a situation was “where the opportunity is” thanks to a “positive system” of regeneration. Speakers attending the Broker CEO Forum at Winchester’s Lainston House confirmed this landscape, noting that there was a “scarcity of [M&A targets] in the UK” after a recent flurry of M&A in the broking mid-market sector. Opportunity knocksAddressing Broker CEO Forum delegates, expert speakers explained that this environment was “where the opportunity is” because “businesses keep on regenerating” to help fill the void left by mid-market consolidation. This includes buying and building lower cost broking businesses around the £1m and £2m value mark, individuals leaving bigger broking firms to set up their own companies or “underwriters looking for MGA type startups and funding”. One speaker said: “I see quite a positive system that loves to regenerate.

Source: The Times November 24, 2023 07:04 UTC