Insurance agency M&As saw 31 percent rise in 2017

Employee benefits brokers accounted for 174 transactions, 28.8 percent of the total, nearly a 90 percent increase from 2016.

By Marlene Y. Satter | January 19, 2018 at 06:50 AM

Mergers and acquisitions of insurance agencies skyrocketed in 2017, rising 31 percent from 2016's 461 deals to hit 604 deals last year.

Insurance Journal's report, based on numbers from OPTIS Partners, says the statistics cover agencies selling primarily property/casualty insurance, agencies selling both P/C and employee benefits, and employee benefits agencies.

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