MarshBerry FocalPoint Webinar: Death of the Independent MGA
July 7, 2022
1:00 - 1:45 PM ET
The wholesale broker segment has undergone massive consolidation to the point where very few independent pure play Property & Casualty brokers remain. In addition, it’s likely that the market is at the front end of a consolidation wave that is hitting delegated authority firms with nearly 8% of specialty entities consolidating in 2021. As history demonstrates, massive value is unlocked when insurance distributors and markets are aggregated. Delegated authority is not an exception to this premise.
Join MarshBerry’s Director and Specialty Practice Co-Head, George Bucur, as he looks at how consolidation is impacting firms that wish to remain independent, the implications to ongoing operations and valuation, and what it will take for these remaining entities to stay relevant to their carriers, distribution partners, vendors and employees.
Presented by George Bucur, MarshBerry Director & Specialty Practice Co-Head
Focusing on specialty distribution and markets within MarshBerry’s Financial Advisory practice, George brings to MarshBerry extensive knowledge in merger & acquisition (M&A) transactions. In addition to being a trusted advisor to sellers and buyers within the specialty insurance arena, George provides valuation, succession planning, strategic planning, financial benchmarking and other financial consultative services. Working with program managers, managing general agents, managing general underwriters, wholesale brokers, carriers and firms ancillary to these operations, George is privy to insights, proprietary knowledge and best practices directly impacting firms in today’s dynamic economic and rate environments. George uses his experiences to educate clients and colleagues within the industry and to offer superior client services.
For questions about this webinar, contact Marketing@MarshBerry.com