Insurance Agents Brokers – Mergers （保险代理人和经纪人-合并）.pdfVIP

U.S. RETAIL INSURANCE DISTRIBUTION INDUSTRY Market Commentary – March 2014 Insurance Agents Brokers – Mergers Acquisition Activity is Accelerating The U.S. insurance distribution market continues to consolidate, and valuations are rising. Although the absolute number of transactions declined in 2013, the number of large deals and the valuation metrics of significant, well-run agencies and brokerages increased markedly. Improved operating performance, a rebounding U.S. economy, and an influx of capital from private equity investors have driven transaction mult