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With merger and acquisition activity heating up across the specialty lines segment, NU asked several wholesalers whether they had been approached to be acquired this year. While some said they had

By Mark E. Ruquet | Updated on October 26, 2008

With merger and acquisition activity heating up across the specialty lines segment, NU asked several wholesalers whether they had been approached to be acquired this year. While some said they had received invitations, the prospective dance partners remain choosy about their suitors, their responses revealed.

“Every week we are approached by somebody,” said Tap Johnson III, president of TAPCO Underwriters based in Burlington, N.C. “Sometimes, we listen to their price, but we’ve been saying no,” Mr. Johnson reported.

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