Mike has over 25 years of experience in providing accounting and business advisory services to the Canadian insurance industry. In particular, Mike focuses on providing clients with industry leading advice including preparation of brokerage valuation reports used for mergers & acquisitions, shareholder agreements, succession planning, expert reports for brokerage and insurance companies, purchase and sale representation for both vendors and purchasers in M&A transactions, etc. Mike has taught courses on broker acquisition and succession strategy, developed a training program on profitability management, and contributes articles and papers to various industry publications including the publication of the
Canadian P&C Insurance Industry Report.
You can reach Mike at
firstname.lastname@example.org or at www.smytheadvisory.com
The market for property and casualty (P&C) brokerages continues to be intense. Books of business are attracting prices from 3.5x to 5.0x commissions – and even more for online business. So, are conditions right to start seeing more management buy-outs?…