This year was all about the urge to merge and this time next year the Insurance group will look very different, with two firms missing after a period of consolidation among the Insurance group.
Davies Arnold Cooper will be transformed after its November merger with rival Beachcroft goes live to create DAC Beachcroft. Meanwhile Clyde & Co and Barlow Lyde & Gilbert are set to combine to create the largest firm in this peer group. When the two merge later this year, they’ll become a £307m behemoth, nearly treble the size of nearest competitor Holman Fenwick Willan.
The flurry of tie-ups is partly due to major shifts in the insurance market over the past few years, with a number of large insurers squeezed after a spate of man-made and natural disasters.