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More Sellers Meeting Heavy Buyer Demand in Agency M&A Marketplace

Agency mergers-and-acquisitions activity has come roaring back after plummeting during the economic crisis of 2008-2009. In fact, 2011 was the second-most-active year for M&A in the insurance industrys historyonly 16 deals short of the all-time record of 301 deals announced in 2008. If current trends hold, 2012 may set a...

By Kevin Stipe | Updated on May 21, 2012

Agency mergers-and-acquisitions activity has come roaring back after plummeting during the economic crisis of 2008-2009. In fact, 2011 was the second-most-active year for M&A in the insurance industry’s history—only 16 deals short of the all-time record of 301 deals announced in 2008. If current trends hold, 2012 may set a new record for deals made.

Most of the past decade reflected a “seller’s market” for agencies, in which an abundance of buyers chased a relatively small number of sellers and pushed valuations up to extraordinary heights—particularly in 2007-2008. Then, for a short time in 2009 after the economy stalled, both buyers and sellers backed away from M&A, retreating due to economic uncertainty.

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