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
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.
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
Cyera acquires Ryft for up to $130 mn to expand AI data security
Cyera buys Ryft to strengthen controls over AI-driven data access as enterprises face rising risks from autonomous systems
Insurtech Fulcrum acquires crypto platform Megaphone to deepen product capabilities
Fulcrum acquires Megaphone and hires its founders to strengthen product development as it scales software for insurance brokerages
Standard Life agreed to acquire Aegon UK for £2 bn in retirement savings push
Standard Life agreed to acquire Aegon UK for £2bn, creating the UK’s largest retirement savings and income business with 16mn customers
Polymarket buys DeFi startup Brahma to simplify crypto prediction markets
Polymarket acquired Brahma to improve wallet flows, liquidity, and DeFi infrastructure as it pushes for a simpler prediction market experience
S&P Global closes Enertel AI deal to deepen North American power forecasts
S&P Global completed its acquisition of Enertel AI, adding short-term AI-driven power price forecasting to its long-term energy market analytics
Kairos Risk Solutions buys Molto Re to expand in North America
Kairos Risk Solutions acquired Molto Re and named Josh Madson North America managing director as it pushes deeper into reinsurance and risk advisory
Mega M&A deals hit post-2008 high in first quarter of 2026
WTW said 12 mega deals worth $10 bn or more closed in Q1 2026, pushing total completed deal value to a five-year high of $438 bn
Acrisure UK adds four businesses to deepen specialist broking reach
Acrisure UK Broking acquired Confidas, Heathwoods, Marrs and Smith Greenfield, expanding its specialist strength in commercial, property and private client insurance
Starr closes IQUW M&A deal to expand specialty reinsurance platform
Starr completed its acquisition of IQUW Group, expanding its specialty insurance and reinsurance platform across Lloyd’s, Bermuda, and UK motor
Corebridge and Equitable strike $22 bn all-stock merger deal
Corebridge and Equitable agreed to an all-stock merger valued at $22 bn, creating a financial services group with $1.5 tn in assets
Insurtech Akur8 acquires Slope Software to expand into life actuarial technology
Akur8 acquired Slope Software to enter life and annuity actuarial modeling, broadening its platform beyond P&C with cloud-native tools
Fintech IuteBank exits bridge structure and resumes full operations in Ukraine
IuteBank, part of the Estonian-based Iute Group, has completed the transition period following the bridge bank process and will begin operating as a regular bank in the Ukrainian market
Zurich to acquire Beazley in £8.1 bn specialty insurance deal
Zurich agrees £8.1 bn takeover of Beazley to expand specialty insurance footprint, creating a $15 bn gross written premium platform
Zurich’s Australian unit to acquire ClearView Wealth for A$408 mn
Zurich’s Australian unit will buy ClearView Wealth for A$408.3m at 65 cents per share, a 21.5% premium, with board and majority shareholder backing
Lloyd’s List Intelligence to manage Lloyd’s Agency Network
Lloyd’s List Intelligence will assume management of the Lloyd’s Agency Network from April 2026, integrating marine survey expertise with global AIS and analytics capabilities
Swiss Re to acquire QBE trade credit and surety unit
Swiss Re Corporate Solutions agreed to acquire QBE Insurance Group’s Global Trade Credit and Surety business, subject to regulatory approvals expected to take several months
Vistria acquires Dallas MGA Lumen to expand specialty platform
The Vistria Group acquired Lumen Holdings, a Dallas-based managing general agent underwriting commercial and personal lines across more than 30 states
Fintech Capitolis to acquire 20 Gates’ U.S. secured financing platform
Capitolis has agreed to acquire the U.S. Secured Financing Platform from 20 Gates Management, expanding its Capital Marketplace footprint in North America
Mistral AI acquires Koyeb to build full-stack AI cloud
Mistral AI has agreed to acquire Koyeb, marking its first acquisition and signaling a shift beyond model development into full-stack AI infrastructure
AIG takes 35% stake in Convex, 9.9% in Onex in $7 bn tie-up
American International Group, Inc. has completed minority investments in Convex and Onex Corporation as part of a $7bn strategic transaction linking the three groups
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
Major deals have led global M&A activity in 2024, showing increasing confidence among dealmakers despite geopolitical and economic challenges