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Insurance broker M&As to continue to increase: Study

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A study by U.S.-based insurance research firm Conning Research & Consulting Inc. predicts that the number of mergers and acquisitions of insurance agents and brokers across the world will continue to grow this year, Xprimm.com reported. Matt Sternat, vice president for insurance research at Conning, said that the M&As were driven by the need for scale and efficiency in an expanding economy and large supply of sellers.

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