Is There Life After Agencies Consolidate?
As independent agents and brokers have consolidated at a rapid pace in recent years, one might assume these mergers and new franchises are wildly successful. I, for one, doubt it. Patterns have emerged that indicate who could be successful, and who will fail.
Agency aggregation activity primarily involves one of three basic strategies: outright purchase, clusters of independently owned agencies and "hub-and-spoke" franchising.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
