Soft P/C market, lack of targets slowing pace of M&A

Hofmann, Mark A.
July 2005
Business Insurance;7/18/2005, Vol. 39 Issue 29, p28
Focuses on the role of contingent commission controversy in slowing broker mergers and acquisitions in the U.S. insurance business. Impact of the attack on contingent income and the decline in profitability of property/casualty marketplace on the business; Other reasons behind the scarcity of the M&A activities in the industry; Total number of agencies that have been acquired since the approval of Gramm-Leach-Bliley Act among financial services sector in 1999.


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