Mergers and acquisitions among insurance brokerages accelerated in the fourth quarter of 2020, capping a record-setting year, according to data from Optis Partners LLC.
There were 290 fourth-quarter transactions involving U.S. and Canadian brokerages, third-party administrators and related managing general agent operations, the Chicago-based investment banking and consulting firm said in a report Tuesday. That compared with 173 in the same period in 2019.
For the full year, there were 774 transactions, a record high and a 20% increase over 2019.
