Wepler made the comments after his firm acquired UK-based Imas as part of its plans to expand across Europe. “That is generally the threshold when a US broker starts to look for an international presence and the UK is often the most logical launching point. “Many without a UK presence are rolling out plans to establish a European beachhead in London, as it is the Wall Street of insurance.”Why the interest? While the pound has regained strength, Deloitte highlighted in its 2023 Insurance M&A outlook report that US firms would be interested in the UK. One example of a US broker expanding into the UK is Brown and Brown, which acquired Global Risk Partners – now known as Brown and Brown Europe – in July 2022.

Source: The Times October 16, 2023 12:10 UTC