As the supply of sizeable UK commercial brokerages is dramatically shrinking, acquisitors are being forced to seek targets overseas, or look at MGAs and wholesale brokers.
This October’s announcement that Ardonagh has completed its £1.12bn acquisition of PSC Insurance Group certainly constitutes business as usual – at least on one level.
Here is yet another commercial insurance broker falling to one of the biggest 10 brokers – which account for over half of UK insurance distribution M&A
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