Interviews

Broker consolidation is ‘a long way off becoming a real fundamental problem’

By 2023-01-04T12:36:00

consolidation (6)

Group chief executive identifies ‘little moment in time’ around multiples which means more broker leaders may be tempted to tap into consolidators ahead of schedule

The impact of consolidation in the broking market is “definitely a mixed bag” of pros and cons – however, the industry is “a long way off it becoming a real fundamental problem” in terms of competition and choice, according to Warren Downey, group chief executive of intermediary business Specialist Risk Group (SRG).

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