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One in three brokers set to buy in 2006

Consolidation among UK insurance brokers looks set to continue in 2006, but prices could rise sharply as the number of firms seeking to acquire outstrips the number of brokers up for sale by a factor of 10 to one.

According to a new survey conducted on behalf of NIG, 30% of brokers said that they intended to acquire another broker in 2006, however only 3% said that they hoped to be bought.

Large regional

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Q&A: Tom Hughes, IUA

Tom Hughes, appointed director of underwriting at the International Underwriting Association last year, outlines the company market body’s priorities from an underwriting perspective for 2026.

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