Merger and acquisition activity seems to be plentiful among technology vendors lately, with the recent news of HP acquiring 3Com and Xerox to acquire ACS, but program administrators and managing general agents (PAs/MGAs) also have seen their fair share of action. According to Guy Carpenter & Co.’s “Fifth Annual Specialty Insurance Program Issuing Carrier Survey,” PAs/MGAs remain interested in growth through acquisition in order to accelerate top-line growth and capture market share.
The survey finds that 72% of PA and MGA respondents indicated an interest in growing through acquisition, which rose slightly from 70% in 2008. Fifty-nine percent of respondents expressed an interest in acquiring other PAs/MGAs, while 44% would prefer to acquire carriers. Both figures increased 5% from 2008.
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