We work with agents, carriers and vendors serving the insurance industry on strategies designed to enhance growth.
Fill out our Contact Form to receive a FREE, instructive starter kit and we will contact you within 24 hours.
We’re pleased to announce that we’ve been approved by Business Brokerage Press as an Industry Expert for Insurance Agencies. As a licensed Real Estate In California, we’re able to properly list, advise and guide you in selling your insurance agency. We also offer buyer services for insurance agency buyers looking to acquire agencies or books of business. As members
Over the past 15 years, we’ve all heard reasons why you should sell an insurance agency. Lower commissions, higher capital gains taxes, increasing overhead and the big bad internet. Independent Agents have heard dozens of reasons to sell their agencies, but if it’s so important to sell now, why is it such a good idea to buy?
The No. 1 challenge I hear from personal lines agents is that the phone isn’t ringing with new prospective customers. The reason for that is obvious, most consumers initiate shopping online. Many agents try to generate or buy leads online, but the results are dismal so they give up. There are agencies who build big books of business from generating
The Northern California office of the Leavitt Group has purchased Golf Insurance Services from George Peterson Insurance Agency. Golf Insurance Services, located in Rancho Cordova, Calif., specializes in providing insurance solutions for public and private golf courses, country clubs, planned golf communities and homeowners associations.
Confie Seguros has acquired Olympic Insurance in Shelton, Wash., a provider of auto, home and small commercial insurance. Olympic Insurance was founded in 1997 and is a privately owned independent insurance agency serving Washington. Confie first entered Washington in 2010 with the acquisition of the iconic Vern Fonk Insurance. Olympic Insurance is Confie’s the eighth acquisition in the Pacific Northwest and the 17th Vern Fonk location.
The number of insurance agency mergers and acquisitions declined slightly during the first half of 2013, with 122 reported transactions in the U.S. and Canada compared with 133 deals last year, according to OPTIS Partners, a Chicago-based investment banking and financial consulting firm specializing in insurance. “It was a period of relative calm after the perfect storm of getting deals done before the capital
Nearly eight times more US business buyers expect to use seller financing than prospective UK purchasers, according to a BusinessesForSale.com survey of hundreds of buyers, sellers and brokers. Asked how they expected to fund a purchase, nearly one in three (31%) US-based would-be buyers said they hoped to obtain a loan from the vendor, compared to fewer than one in
For serial entrepreneur Jane Angelich, deciding to sell the San Francisco uniform store she had owned for 13 years was easy. Finding an attentive business broker to help with the transaction proved to be less so. “The first one I hired produced nothing,” says Angelich, who’s now CEO of Supercollar, a company that sells a dog collar with a built-in
Many insurance agency owners believe that since they own a business, they understand the complexities of how to sell an insurance agency. When I hear this, I always ask the question; you’ve owned and lived in your home for 20 years, why do you hire a Realtor? The reality is, selling a business is more complicated than selling a house.
The Insurance Journal had a great article about E&O when buying and selling insurance agencies. The article points out that while the industry seemed to see a spike in mergers and acquisitions activity in 2012 due to some tax implications, many are projecting that 2013 will see some healthy buying and selling, too. While there are many issues to address