Abstract
Overview
Introduction
This report provides an in-depth look at the consolidation taking place among
commercial brokers in the UK and the impact on insurers.
Scope
- Profiles of the main consolidators based on in-depth interviews with
C-level executives
- Insight into the driving forces behind the trend of consolidation among UK
commercial brokers
- Forecasts of the market share of the consolidating brokerages in 2010
Report Highlights
When looking at potential acquisition targets, Towergate looks for companies
with what it calls a "good track record", of which the most important factor
is a good set of underwriting results. It also looks for scheme business that
is part of a substantial niche and has the potential for growth.
Oval told Datamonitor that by 2010 it aims to have a presence in the five
major parts of the country: North, South, East, West and the Midlands and
control £1 billion in GWP. During this time it may float on the stock market,
allowing Caledonian Investments to realize the profit on its investment.
A further strategic rationale for an insurance company acquiring a
consolidator could be to transfer some of the panel business to its direct
business, assuming that the acquiring insurer had a direct business in place.
Reasons to Purchase
- Identify and ascertain information on the main consolidating brokerages
including their growth plans
- Understand the potential impact of these consolidators on the insurance
market
- Develop your commercial insurance distribution strategy using
Datamonitor' s forecasts
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