Are Banks Losing Interest In Agency Deals?

Campbell, Jim
August 2006
National Underwriter / P&C;8/21/2006, Vol. 110 Issue 32, p34
The article focuses on the interest of banks to acquisition deals. The author said that banks have not lost their interest on such deals. He cites the factors on why banks have slowed in selling insurance products or acquiring agencies such as the acquisition candidates, the contigent income earned by agencies in 2005 and 2006, and competition. Moreover, the author also discussed the objectives that these banks are using to support agency acquisition strategies.


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