UK broker consolidation ramps up amid mounting pressures

Rising regulatory requirements, succession issues and pressures
on margins are driving the recent consolidation wave in UK broking
businesses, according to sources.
In the past few months, this publication has revealed that
Hiscox-backed broker Lark Insurance, Groupama-owned Carole Nash,
Lloyd's broker AG, marine-focused SSL and Miles Smith are all
exploring sale options, either in their entirety or for a minority
backer.
Broking sources said that there is no end in sight for
consolidation given