“The broker business is one of the most valuable financial assets that exists in North America,” said Gagnon. “Lots of people are in the market wanting to grow and build.”
“But what’s great about the broker channel — I think it’s also very interesting — is that there’s still a lot of new people coming into [it],” he noted. “There are the larger [brokerages] that are grabbing more, but there’s also creation of new brokers.”
Given these predictions, insurers and brokers alike can expect to see big markets being lost or gained as a result of increasing M&A.