Many calls we take from prospective buyers for Personal Lines Insurance Agencies specifically request Mercury, Safeco, Travelers and Hartford as carriers they’re looking to acquire. If these books have profitable loss ratios and a solid agency infrastructure they’re by far the most valuable Personal Lines books available. Carriers such as Allied, Firemans, Chubb and Kemper are also very popular.
If you own a book of business with the carriers mentioned above and are considering selling your insurance agency, we have several interested, qualified buyers. We know buyers that are appointed with these markets and have the capital available to buy your book. If you’ve been thinking about selling your preferred, non-standard, commercial or health book of business please contact us so we can help you devise a plan to prepare and sell your agency.
A seller benefits by being matched with an agency that may operate similarly to your agency. Obviously the less time and money a buyer has to invest in integration, the more they can pay for the agency. Items we look for are:
- Do buyer and seller use the same agency management system?
- Do buyer and seller sell the same markets?
- Are there any advertising or referral relationships the seller has that are valuable to a specific buyer?
- Does the seller have a specific staff member that can add value to a buyer?
These are just a few items we look for in matching your agency with a good buyer. This ensures you’re matched with someone that understands the basics of your business and makes the due diligence process easier for both parties. There is so much that goes into selling an insurance agency hopefully this site provides you with plenty of ideas on to make it happen.