Amidst higher interest rates, upcoming recapitalizations, and other market factors, insurance brokerage mergers and acquisitions (M&A) have slowed. Considering this, brokerages are pivoting their M&A strategies, focusing on specialized verticals to better respond to client needs.
David Eslick, CEO and chairman of Marsh McLennan Agency (MMA), recently spoke with Leader’s Edge about the M&A outlook for insurance brokerages. He speaks about the changing landscape for insurance brokers and MMA’s approach to the issue.
“We made 15 acquisitions in 2022 and are on track to do slightly less this year. We’re fortunate in that we have a great backer in Marsh and aren’t worried about interest rates,” said David.
