Cooper Gay seeks critical mass amid wholesale challenges
Cooper Gay's imminent tie-up with US wholesaler Swett & Crawford comes as London's independent brokers are increasingly squeezed by the rising cost of doing business and dwindling opportunities in a soft market dominated by the big three global players.
Cooper Gay will follow HSBC, FirstCity and Colemont International as the latest London market broker to change owners this year, each time with a US-parented acquirer.
And like the AmWINS Colemont merger, the proposed deal will also see a US wholesaler...
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