Acqusition of HRH

[Chkndinner14]

Interesting deal that went down. Willis to buy HRH. Paid 2.5X revenue. Probably more consolidation to come in the industry.

Insurance Broker Willis to Acquire HRH - Yahoo! News

 

[somarco]

Willis has grown by acquisition almost from the start. So have most of the other national (and even regional) brokerage firms.

For the longest time it seemed like every time I opened a trade pub Brown & Brown was buying someone. Can't say if they have slowed down or not.

Consolidation at the carrier level, and agency level, is a fact of life that ebbs and flows.

How many mutual life carriers are left today vs. the ones from 20 years ago?

Not that many.

Even accounting firms have merged. At one time we referred to the "big 8". Now what is it? 3 or 4?

Consolidation is good . . . to a point.

Some of it benefits the consumer, but most of it benefits the arbitrage players and M&A facillitators.