Struggling smaller firms may be bought “on the cheap”
Advisen has claimed Aon and Marsh, the world’s two biggest brokers, will buy smaller rivals struggling in the recession, Bloomberg reports.
“Consolidation will continue at a brisk pace,” John Molka, an analyst with Advisen, said in a research report. “Rich acquisition targets for the largest brokers remain in abundance.”
“Strained revenue” is a problem for potential acquisition targets, said Molka. Slowing sales may provide “opportunities for large brokers to snap up these targeted companies on the cheap.”
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
