Bank-owned insurance may become ‘obsolete’: MarshBerry
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Bank-owned insurance may become ‘obsolete’: MarshBerry

Jairo Ibarra
August 31, 2023
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An indirect outcome of rising private equity appetite for insurance brokerages has been the steady decline of banks’ prominence in the sector over the last 15 years. 

In a report, MarshBerry noted that since 2005, there have been 609 announced acquisitions of insurance brokerages by financial institutions, while there have been 199 announced divestitures. 

These

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Jairo Ibarra
Senior Reporter
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