Lucas Parris, CFA, ASA-BV/IA, vice president, is co-presenting the session, “Employee Benefits Agency Consolidation and Valuation” with Mike Strakhov (Live Oak Bank) at the 2019 Workplace Benefits Renaissance Conference in Nashville, TN (February 20-22).
A short description of the session can be found below.
Insurance agency merger and acquisition activity has been at historic levels for the past few years. Employee benefit agency transactions represent a significant number of these annually. This session will address the current state of agency consolidation including trends, who’s buying and who’s selling and the overall impact to employee benefits distribution. We’ll also identify and discuss the important characteristics that drive value of an employee benefits agency.
Lucas leads Mercer Capital’s Insurance Industry Team, specializing in valuation and advisory services for insurance agencies, brokerages, underwriters, third-party administrators, and other industry service providers. These services include independent agency valuations for corporate transactions, agency perpetuation, buy-sell agreements, employee benefits plans, financial reporting, tax compliance, and buy or sell side consulting services.
Over the last 15 years, Lucas has valued and consulted with agencies across the industry spectrum, including property & casualty, employee benefits, life and health, MGAs/MGUs, and specialty lines. During his career at Mercer Capital, Lucas has been a frequent speaker and writer on industry and valuation-related topics.
For more information, contact Lucas Parris at 901.322.9784 or firstname.lastname@example.org.