DXC Technology in talks to sell insurance software unit to Eldridge Industries for $2.4 bn
DXC Technology is in advanced talks to sell its insurance software business to Eldridge Industries, which could combine the unit with Zinnia
Insurance M&A News
Stay informed with Insurance M&A News Today from Beinsure, covering the latest mergers & acquisitions news across the global insurance market, including mergers, acquisitions, broker deals, consolidation, valuations, private equity and strategic transactions. Follow insurance brokerage M&A news and insurance broker M&A news on agency acquisitions, brokerage roll-ups, ownership changes and major market deals. Track insurance brokerage M&A news today with updates on buyers, sellers, investors, deal activity and transaction trends shaping insurance distribution, brokerage growth and the global M&A landscape.
Prudential Financial sells Brazil and Mexico insurance units to CNP for $4 bn
Prudential Financial agrees to sell its Brazil and Mexico insurance businesses to CNP Assurances for $4.025 bn, with completion expected in 2027
Porch Group to acquire Allied Trust for $200 mn, expand insurance business
Porch Group agrees to acquire Allied Trust for $200 mn, adding $200 mn in reciprocal written premiums and expanding its insurance operations into Louisiana
RSA Canada’s Northern Shield closure strained BC earthquake insurance market
RSA Canada’s decision to retire Canadian Northern Shield created insurance capacity challenges in British Columbia, with higher premiums and reduced earthquake and flood coverage
Fairfax will transfer Go Digit Insurance and Go Digit Life Insurance stakes to IDBI Bank
Fairfax Financial plans to transfer its Go Digit insurance holdings and IIFL Capital stake to IDBI Bank following its $5.6 bn bid for a controlling interest in the lender
Fairfax Financial Holdings to acquire 60.72% of IDBI Bank for $5.6 bn in India
Fairfax Financial will acquire control of IDBI Bank for $5.6 bn and plans to combine its Indian insurance and financial services holdings under the lender
Tesla-SpaceX merger could be announced before December, valued at $3.6 tn
Barclays analysts expect a potential Tesla-SpaceX merger announcement before December, citing AI integration, the Terafab project and a possible $3.6 tn combined valuation
IonQ to acquire Zero Trust cybersecurity firm Elisity for up to $1.3 bn
IonQ has agreed to acquire Elisity in a $1.3 bn all-stock deal, combining Zero Trust security with post-quantum cryptography and quantum key distribution
Nvidia to acquire Reflection AI or expanding $800 mn investment in the $25 bn AI startup
Nvidia is considering acquiring Reflection AI or expanding its $800 mn investment in the $25 bn AI startup, following the launch of its open-weight model Beam
Pen Underwriting acquires Ornella, doubling Irish insurance business
Pen Underwriting acquires Ornella Underwriting, doubling its Irish insurance operations and expanding commercial motor, fleet, home and specialty coverage
UK P&I and TT Club approve $750 mn marine insurance merger
UK P&I and TT Club members approve a merger creating United Transport Mutual, with $750 mn in annual premiums, $888 mn in free reserves and global marine coverage
Insurtech Alan acquires Tanel to expand health insurance business in Africa
Alan acquires Senegal-based healthtech Tanel, entering Africa’s health insurance market with plans to cover more than 1 mn people across the continent by 2030
nib Group completes travel insurance sales to Allianz Partners and IMG
nib Group completes the sale of its travel insurance businesses to Allianz Partners and IMG for $97.6 mn, with up to $10 mn deferred consideration
Emergence acquires Blue Zebra cyber insurance renewal rights
Emergence Insurance acquires Blue Zebra’s cyber renewal rights, adding its policyholders and cyber specialist Aaron Langmaid from July
Marsh completes acquisition of Accel Holdings in Iowa
Marsh completes its acquisition of Iowa-based Accel Holdings, adding insurance, agribusiness, retirement and wealth advisory capabilities to Marsh Agency
Novatae Risk Group acquires trucking MGA Specialized Program Solution
Novatae Risk Group acquired Specialized Program Solutions, a New Jersey MGA focused on underwriting and program administration for long-haul trucking risks
ANV Group completes acquisition of Assured Underwriting Group
ANV Group Holdings completes its acquisition of Assured Underwriting Group, a specialist MGA serving tour operators across the UK and Europe
Gallagher acquires Albany Insurance in New Zealand
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting firm, acquires New Zealand-based Albany Insurance Services
Fortitude Re parent acquires Dayforward annuity insurtech platform
Fortitude Re parent FGH Parent acquires Dayforward’s annuity technology platform, distribution agreements, IP, agency operations and employees
Zurich completes £8.1 bn acquisition of Lloyd’s insurer Beazley
Zurich Insurance Group completes its £8.1 bn acquisition of Lloyd’s insurer Beazley, creating what it says is the world’s largest specialty insurer
Hanwha Life to acquire Acuon Capital for $323 mn
Hanwha Life will acquire 50.54% of Acuon Capital for $323 mn and invest $367 mn in Hanwha Investment & Securities
ANV acquires Car Care Plan from AmTrust Financial Services
ANV Group completes its acquisition of UK vehicle warranty MGA Car Care Plan from AmTrust, adding operations across Europe, the US, Turkey and China
Insurer PZU is examining an alternative restructuring with Bank Pekao
Poland is examining a new structure for PZU and Bank Pekao after legal changes needed for their planned merger ran into presidential veto risk
AI platform Equal Parts acquires Florida transportation broker Independence
Equal Parts acquired Florida-based Independence Insurance Agency, its second transportation insurance acquisition announced in consecutive weeks
Relation Insurance acquires Pennsylvania-based LaPlaca Insurance
Relation Insurance acquired LaPlaca Insurance, adding a Pennsylvania agency serving commercial, employee benefits and personal lines clients
Unicorn Upwind acquires Aegis and launches AI Labs for Cybersecurity
Upwind acquired Israeli AI security startup Aegis in a stock deal worth tens of millions after raising $300 mn at a $3.8 bn valuation
Aon to acquire USI Insurance Services from KKR for $17 bn
Aon agreed to acquire USI Insurance Services from KKR and co-investors for $17 bn in cash, with closing expected in the fourth quarter of 2026
Marsh has renamed Guy Carpenter as Marsh Re
Marsh has renamed Guy Carpenter as Marsh Re, combining reinsurance and capital solutions under the broader Marsh brand after more than 100 years
World Insurance Associates acquires Pellechio Family Agency
World Insurance Associates acquired New Jersey-based Pellechio Family Agency, expanding its commercial and personal insurance business
EQT to acquire majority stake in McGill and Partners for $2 bn
EQT X agreed to acquire a majority stake in McGill and Partners for $2 bn, with Warburg Pincus exiting and Steve McGill remaining CEO
Alliant to acquire Nava Benefits and expand AI employee benefits
Alliant agreed to acquire Nava Benefits, combining its employee benefits brokerage with Nava’s AI-native HQ platform and service technology
Munich Re to acquire cyber insurtech At-Bay for $575 mn
Munich Re agreed to acquire US cyber InsurTech At-Bay for $575 mn, expanding HSB’s cyber insurance and managed security business
Inszone acquires Two Fong’s Bay Area insurance agency
Inszone buys Two Fong’s Inc., adding Bay Area commercial property and lessor’s risk expertise to its California brokerage network
Relation Insurance buys Gary McKeighan Insurance in California
Relation Insurance Services acquires Fresno-based Gary McKeighan Insurance, adding farm, ag and business insurance expertise in California
Gallagher buys Apollo to expand digital insurance in Canada
Gallagher acquires Apollo, a Vancouver digital broker and MGA focused on tenant insurance, as Canadian insurance placement shifts further online
Mapfre buys 38.9% stake in Spanish insurtech Tuio
Mapfre will acquire 38.9% of Tuio as the Spanish insurtech prepares to expand across Europe and Latin America next year
Mapfre USA to acquire Safety Insurance for $1.54 bn
Mapfre USA agrees to buy Safety Insurance for $1.54 bn, expanding its Massachusetts and Northeast P&C position
Insurtech Cover Genius acquires Friendsurance for Europe bancassurance
Cover Genius buys Berlin insurtech Friendsurance to expand embedded protection for banks and insurers across the DACH market
Steadfast extends exclusivity for Amwins and Dragoneer’s $5.41 bn takeover offer
Steadfast extends exclusivity for Amwins and Dragoneer’s A$7.7 bn takeover offer as due diligence nears completion
American Family Mutual Insurance to buy Bowhead in $1.2 bn cash deal
American Family will acquire remaining Bowhead shares for $34.00 each, valuing the specialty insurer at about $1.2 bn
Verisk acquires McKenzie Intelligence Services for catastrophe risk analytics
Verisk buys MIS to add real-time geospatial intelligence, catastrophe response data and political violence risk analytics for insurers
Genki buys insurtech Wave Claims to add AI claims software
Genki acquires Cologne insurtech Wave Claims and Claim OS to bring AI claims handling closer to its health insurance products
Contents acquires fintech Balio to expand enterprise AI in Spain
Contents buys Barcelona-based Balio, its sixth acquisition, as the Milan company expands AI workflow tools across European enterprise software
Asia-Pacific insurance M&A slows despite India and Malaysia deals
India and Malaysia posted large insurance M&A deals in Q2, though Asia-Pacific activity fell to its lowest level in five quarters
Insurance M&A hit $29.6 bn across 191 disclosed deals, while AI began to reshape valuations
Insurance M&A reached $29.6 bn across 191 disclosed deals as AI starts to affect broker valuations, underwriting investment and capital strategy
Mile Auto acquires Insurance House to expand pay-per-mile auto insurance
Mile Auto acquires Insurance House, creating a nearly $100 mn premium MGA platform serving 55,000 policyholders and 1,600 agencies
Gallagher buys broker Med James and Wilson M. Beck Insurance Services
Gallagher’s RPS acquires Overland Park-based Med James, adding MGA and wholesale brokerage capacity for retail agents in the North Central region
Hub International targets $3 bn IPO amid U.S. listing surge
Hub International seeks about $3 bn through an IPO, joining a growing group of private equity-backed companies pursuing U.S. listings
ACCC clears Zurich’s £8.1 bn acquisition of Lloyd’s underwriter Beazley
Australia’s ACCC approved Zurich’s £8.1 bn acquisition of Beazley, saying the deal is unlikely to reduce competition in insurance markets
Allianz Partners buys nib travel insurance portfolio
Allianz Partners will acquire major parts of nib’s Australia and New Zealand travel insurance portfolio, including TID and a 20-year distribution deal
Allianz in talks to buy Portuguese insurer Caravela Seguros
Allianz is discussing a potential acquisition of Caravela Seguros, a deal that would expand its Portuguese non-life insurance portfolio
Howard Hughes buys Vantage in $2.1 bn insurance deal
Howard Hughes closes its $2.1 bn acquisition of Vantage, using the specialty re/insurer to shift toward a Berkshire-style holding company model
DB Insurance set to close $1.65 bn Fortegra acquisition deal
DB Insurance is expected to complete its $1.65 bn cash acquisition of Fortegra on May 29, with Tiptree confirming the deal remains on track
Vienna Insurance Group completes NÜRNBERGER acquisition in Germany
Vienna Insurance Group completed its largest acquisition, taking 99.2% of NÜRNBERGER to expand in Germany and support CEE growth
Everest to sell Colombia insurance unit to AIG in portfolio shift
Everest agreed to sell its Colombia general insurance business to AIG as it narrows focus to global reinsurance and wholesale specialty insurance
Howden buys Cybeta IP assets to expand US cyber insurance unit
Howden acquired Cybeta’s IP assets and cyber analytics talent to strengthen its US cyber insurance practice across underwriting and claims
Insurtech Laka buys VeloLife assets to expand UK bike insurance
Laka acquired VeloLife assets to expand its UK bike dealer channel and advance its M&A strategy after a £14.1 mn Series B
K2 Insurance buys Oculus Underwriters for Vikco
K2 Insurance Services acquired Oculus Underwriters, adding specialist small commercial property underwriting scale to Vikco Insurance Services
PZU is acquiring MetLife Ukraine, the leading life insurer in the Ukrainian market
Polish PZU will acquire 100% of MetLife Ukraine, strengthening its life insurance position in Eastern Europe while MetLife continues normal operations until completion
SoundHound AI to acquire LivePerson in $250 mn enterprise value deal
SoundHound AI will acquire LivePerson to combine voice AI, agentic automation, and digital messaging across enterprise customer service workflows
UK M&A deal value reached £134.7 bn in H1 2026, up 125%, while volumes fell 12.6%. PwC reports growing investment concentration in financial services, AI and healthcare
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
Global insurance M&A stabilised, as insurers and brokers took a more strategic approach to acquisitions amid falling interest rates and a realignment of strategic priorities
Insurance brokers push debt-financed acquisitions amid slowing growth, Fitch warns credit risks rise but strong cash flow keeps leverage tolerable