In this update, George Bucur, Managing Director, and Co-Head of MarshBerry’s Specialty Practice, discusses the current state of transaction activity and valuations within the delegated authority (aka MGA) and wholesale sectors. Reflecting on the first half of 2024, with only 58 transactions announced through June, reaching the 2023 record of 181 may be difficult. Despite this drop, buyer demand remains strong, driven by the sector’s growth trends, proprietary products, and the resulting value proposition of these firms’ solutions. Attributing the limited transaction volume in the first half of the year to a scarcity of sellers rather than a lack of buyer interest. MarshBerry expects a strong rebound in transaction activity the 2nd half of 2024, albeit not likely to the levels seen in the 2023 record setting year.
To The Point: A MarshBerry Video Series
Mid-Year Update on Specialty Insurance M&A Transactions and Valuations
September 4, 2024
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