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Specialty Market: 2025 Outlook

Delegated Authority Market Briefing Market Trends

Online

21st May 2025 • 13.00 - 14.00

About this session

As the delegated authority segment continues to grow and evolve, the landscape is becoming increasingly complex.  In part, these changes are driven by broker conglomerates in the U.S. and U.K., who have obtained significant market clout.

Join George Bucur, MarshBerry Managing Director & Specialty Practice Co-head, as he delves into aspects of the US market influencing firms in the UK, capital market dynamics shaping the delegated authority market, the latest merger & acquisition developments, and deal terms as relates to valuation and structures.

The discussion encourages viewers to contemplate market dynamics and reflect on how they may influence various strategic planning initiatives.

Learning Objectives

At the end of this session, delegates will be able to:

Explain and understand the Competitive Landscape: Gain a clear understanding of the forces shaping competitive positioning within the U.S. specialty insurance market and how firms can differentiate themselves in a complex and evolving industry
Describe and Explore Capital and Carrier Dynamics: Learn about current capital investment trends and the role of carrier relationships in driving growth and innovation in the specialty sector
Summarise and Analyse M&A Trends for 2025: Discover the latest developments in mergers and acquisitions, including key drivers, valuation trends, and what they signal for the specialty insurance market in the year ahead

George Bucur

Managing Director & Specialty Practice Co-head • MarshBerry

George Bucur is a Managing Director within MarshBerry’s Financial Advisory division and co-heads its specialty practice. With extensive expertise in strategic planning and mergers & acquisitions (M&A), George has completed over 165 transactions and provides tailored solutions for niche-focused insurance firms, including MGAs, MGUs, program managers, wholesale brokers, and more.

George’s proprietary market insights and best practices help reshape operating models across the insurance sector. In 2023-2024, he completed an international secondment in Amsterdam, collaborating with MarshBerry’s European team and integrating its UK office acquisition (f/k/a IMAS). This experience enhanced his global perspective, particularly in cross-border trends and M&A dynamics.

George leverages this expertise to advise clients on market developments, valuation trends, and strategic planning, offering a comprehensive view of the evolving specialty insurance landscape.

George currently maintains the FINRA Securities Industry Essentials (SIE®) Exam, in addition to the Series 62, 79 and 63 FINRA Registrations through MarshBerry Capital, LLC., the affiliated FINRA-registered broker-dealer of Marsh, Berry & Co., LLC.