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At Ganis Consulting, we receive at least 15 inquiries every month from agency owners looking to acquire insurance agencies. They’re not all new, roughly 1/2 of them are repeat visitors checking in to see if we have new agencies available for sale. The clients we serve are sellers of insurance agencies under $1,000,000 in Revenue (not premium, Revenue or Commission
How do you Sell an Independent Insurance Agency or Book of Business? Over the past 12 months, our firm has received 32 buyer inquiries to every one seller, so sellers are in luck!The demand for small to medium sized standard or preferred agencies is greater than it’s ever been. Personal, Commercial and Benefits Agencies and Books of Business are in
Insurance Agency Owners and Investors need resources when considering buying or selling an independent insurance agency. There are a few sites we like and some we don’t, but this isn’t a review of insurance acquisition sites, you can determine what you’d like to use.
Our friends at Property Casualty 360 have a great article on their site today about how 2014 will be the best year in the P&C industry since the great recession hit. Here are a few snippets from the article: – Driven by lower catastrophe losses and higher premiums, profitability in the private U.S. property and casualty insurers’ market rose sharply
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.
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