Market consolidation continues
The insurance coverage broking business confirmed additional consolidation in 2024, with the highest 15 teams controlling 48.7% of whole world broking charges and commissions, up from 47.6% in 2023 and 45.8% in 2020. This development seems prone to proceed into 2025, with eight of the highest 500 teams in acquisition processes in the course of the first half of the yr.
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