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.
According to a recent study conducted by BizBuySell.com, the Internet’s largest online marketplace for buying and selling businesses, brokers said they are currently seeing an increase in the number of deals being completed, compared to the same time in 2012. Now that the presidential election and worries about the “fiscal cliff” are behind us, buyers and sellers are spending less
Many calls we take from prospective buyers for Personal or Commercial Lines Insurance Agencies specifically request preferred carriers such as Mercury, Travelers, Safeco, Hartford and Allied. Several other carriers are also requested depending on where you are in the country, but there are too many to list here.
Amounting to just $4.7 billion in aggregate deal value, the 46 merger and acquisition transactions announced in the property/casualty insurance sector in 2012 were near record low levels, according to the latest annual M&A study from Conning. You can read the full article on Insurance Journal by clicking here.
We continue to see an overwhelming number of insurance agency buyers over sellers by a margin of 35 to 1. When selling an independent insurance agency, finding a buyer with similarities to your agency is key. Below are a few other tips for buyers and sellers.
Selling an insurance agency is as complicated as you make it. Over the years we’ve seen bankers, business brokers and agency owners dictate how insurance agencies are bought and sold. What we’ve learned is that most sales for a book of business from 0-$2,000,000 in revenue are completed when 2 business owners sit down and work out terms that are
Our friends at Insurance Journal released an article on December 7th about Brooke. If you’re considering buying or selling an insurance agency, it’s a great idea to have expert representation. I worked with a large law firm in Los Angeles around 2006 on a Brooke transaction and the Attorney’s convinced our client to walk from the deal. It was a
Insurance Agencies are unlike any other business mainly due to the fact that there’s a measurable revenue stream that buyers can depend on for years to come. There’s still an abundance of buyers in the market, so selling your insurance agency today, makes sense if you’re considering selling in the next 5 years.
LinkedIn had a great article on planning your exit strategy when selling your business (or in our case selling an insurance agency). You can read the full LinkedIn article here. Keep in mind that insurance agencies are unique in the way they’re valued, so when hiring representation to mediate the sale of your agency, it’s best to hire someone within
Insurance Agencies for sale are a hot commodity these days because most agents are having a difficult time growing organically. In most cases, sellers of insurance agencies have no experience whereas most buyers do. This puts the seller at a huge disadvantage and will cost you money, increase tax liabilities and a laundry list of other negatives. The truth is
Some of the services offered by Ganis Consulting include Buyer and Seller Representation. If you own an insurance agency and want to sell it, you can hire us to do all the heavy lifting. We’ll conduct a summary valuation, put together a profile, contact our 500+ buyers on our buyers list and help you obtain the best price and terms