Amii warns PMI market to expect more mergers

It expects further mergers and acquisitions activity within the market including providers and intermediary firms. Speaking at the organisation's autumn conference, Andrew Tripp, chairman of Amii, told brokers to batten down the hatches for the next twelve months. "I wouldn't be at all surprised if there is some further consolidation not only in the provider market but also in the intermediary community," he said. "We face challenging economic times, a very harsh economic climate and we have seen a decline in PMI business and I would expect that to continue in 2012 with all the eco...