A growing trend is the “staged perpetuation” — transferring ownership of the agency in phases, rather than selling it entirely at one time. Not every agency principal is aware of this viable alternative to selling outright or how it works.
Tag: InsurBanc
Fear of Missing Out? What to Consider Before Selling Your Agency
The ever-increasing number of agencies sold to large acquirers may have independent agency owners wondering if they’ve “missed the boat” if they don’t sell. Deloitte reports in its “2022 Insurance M&A Outlook” that broker deal volume was up 40% at the end of 2021 over 2020. Aggregate deal value increased 165% from $21.6 billion in… Continue reading Fear of Missing Out? What to Consider Before Selling Your Agency
InsurBanc Celebrates 20 Years of Serving Independent Agents
InsurBanc, the national bank for independent insurance agents and brokers, today marks 20 years of service. To help celebrate, InsurBanc is donating $5,000 to Invest, a nonprofit organization administered by Independent Insurance Agents & Brokers of America (Big “I”) that educates high school and community college students about insurance and risk, encouraging them to pursue… Continue reading InsurBanc Celebrates 20 Years of Serving Independent Agents