Talanx completes buyout of Polish insurers Warta and TU Europa stakes
Talanx AG has closed its acquisition of minority stakes in two Polish insurers from Meiji Yasuda Life Insurance Co., ending a strategic cooperation agreement
Insurance M&A News
Insurtech Wrisk acquires Atto to expand embedded finance and credit intelligence
UK-based insurtech Wrisk has acquired Atto, a real-time financial intelligence platform, as it deepens embedded finance and protection capabilities
Admiral Group to acquire fleet insurtech Flock in £80 mn deal
Admiral Group has agreed to acquire Flock, a UK digital commercial fleet insurtech, in a transaction valuing Flock’s equity at £80 mn
AIG and Onex close $7 bn Convex deal reshaping ownership
AIG takes 35% stake in Convex and 9.9% in Onex as Onex gains 63% control, forming strategic partnership with $2 bn capital commitment
Gallagher Bassett buys Reck & Co to expand marine insurance claims reach
Arthur J. Gallagher expands claims platform as Gallagher Bassett acquires Germany-based Reck & Co, strengthening cross-border marine and transport claims services
Deutsche Bank weighs return to life insurance via Frankfurter Leben
Deutsche Bank and DWS consider a minority stake in Frankfurter Leben, reopening life insurance exposure after a decade away from the sector
Radian completes $1.67 bn acquisition of Lloyd’s re/insurer Inigo
Radian closed its $1.67 bn purchase of Inigo, reshaping the group into a global specialty insurer and lifting EPS and ROE expectations for 2026
Rising re/insurance M&A activity in 2026 will open fresh opportunities in the run-off market
Rising reinsurance M&A activity in 2026 is likely to open fresh opportunities in the run-off market, as insurers carve out non-core portfolios before and after transactions
Helium Ventures acquires insurtech InsurGrid to scale AI-driven P&C data platform
Helium Ventures acquires InsurGrid, the P&C policy data platform used by 2,500+ agents, accelerating AI-led automation and growth across insurance agencies.
Defaqto acquires the Market Pricing Business of Pearson Ham in £11 mn deal
Defaqto strengthens UK insurance data capabilities with a £11m acquisition of Pearson Ham Group’s Market Pricing Business via parent company Fintel
Optio Group takes full control of Italian MGA Heca
Optio Group acquires the remaining stake in Italian MGA Heca, marking its fifth deal in a year as it accelerates European expansion
AIG commits up to $3.5 bn to CVC in credit and PE secondaries deal
AIG strikes a strategic partnership with CVC, committing up to $3.5bn across credit strategies and a private equity secondaries evergreen platform
Zurich Insurance launches £7.7 bn cash bid for Beazley after year-long pursuit
Zurich Insurance goes public with a £7.67bn offer for Beazley, proposing a 56% premium as it seeks scale in specialty insurance
Definity closes C$3.3 bn acquisition of Travelers Canada insurance operations
Definity Financial completed its nearly C$3.3 bn cash acquisition of Travelers’ Canadian personal and commercial insurance businesses, reshaping the country’s P&C rankings
Berkshire Hathaway launches primary casualty policies as Italy expansion continues
Berkshire Hathaway Specialty Insurance expanded in Italy with modular primary casualty coverage for national and multinational risks, written on a net basis without reinsurance
Baldwin Group acquires Philadelphia-based insurance broker Capstone Group
The Baldwin Group bought Capstone Group, expanding its US brokerage footprint and adding a fast-growing independent firm focused on risk management and employee benefits
Westland Insurance expands Ontario footprint with PV&V acquisition
Westland Insurance has acquired PV&V Insurance Centre Ltd. and Meester Insurance Centre, together operating as PV&V Insurance Centre
INSURICA closes largest acquisition with First Light Program Managers deal
The Florida-based wholesale and delegated underwriting platform strengthens INSURICA’s push into transportation and specialty E&S lines amid a tightening commercial auto market
Insurtech Akur8 acquires Matrisk to add AI filings intelligence to pricing
Akur8 buys Matrisk and launches Akur8 Discover, adding AI-powered regulatory filings search and market intelligence to its P&C pricing platform
Insurtech Acrisure to buy MGA Efficient Insurance Solutions, expand EIS
Acrisure agrees to acquire Efficient Insurance Solutions, taking full ownership and planning to scale the MGA’s delegated underwriting platform
Insurtech Xceedance acquires Marble Box to enter agent, broker operations
Xceedance buys Marble Box, entering the agent and broker market and pairing insurance operations talent with workflow tech, automation, and data tooling
Howden buys Atlantic Group in $500 mn US M&A insurance push
Howden agreed to acquire Atlantic Group for over $500 mn, strengthening its US M&A insurance business and expanding reach with private equity clients
Beneva completes Gore Mutual merger after regulatory approval
Beneva finalises its merger with Gore Mutual after regulatory approval, advancing its national expansion and reshaping its Ontario P&C operations
MetLife Investment Management closes PineBridge acquisition
MetLife Investment Management completes its PineBridge deal, lifting combined AUM to $734.7 bn and extending its global asset management reach.
Freedom Underwriters moves to buy full stake in Concert Group
Freedom Underwriters agrees to acquire all outstanding Concert Group shares, with closing expected in H1 2026 pending regulatory approval
Radian funds Inigo deal with $600 mn intercompany note
Radian Group issues a $600 mn intercompany note to finance its $1.7 bn acquisition of Lloyd’s insurer Inigo, with added regulatory oversight
Hanwha Life acquires Velocity Clearing, Korean insurer entry into U.S. securities market
Hanwha Life has completed the acquisition of a 75% stake in New York-based financial services firm Velocity Clearing, marking a strategic expansion into U.S. capital markets
SiriusPoint unit IMG to buy Assist America in travel assistance deal
SiriusPoint says IMG will acquire Assist America, adding $20mn in assistance revenue and expanding U.S., Asia, and Middle East coverage
Verisk scraps $2.35 bn AccuLynx deal after FTC review delay
Verisk abandons its $2.35bn acquisition of AccuLynx after the FTC failed to complete review by deadline, setting up a possible legal fight
Insurtech Reliance Global sells benefits units, cuts debt by over 50%
Reliance Global completes sale of two benefits units, applies half the proceeds to debt reduction, and refocuses investment on digital platforms
JAB Insurance to buy Utmost UK life and pensions platform
JAB Insurance agrees to acquire Utmost’s UK life and pensions arm, gaining £5bn in assets and a foothold in the bulk annuity market
Alpha Bank plans Cyprus insurance merger to form top-three group
Alpha Bank agrees terms to merge Universal Life and Altius Insurance, targeting a top-three position in Cyprus life and non-life markets
Hildene Capital Management to buy Silac Insurance for $550 mn in cash deal
Alternative asset manager Hildene Capital Management has signed a definitive agreement to acquire annuities provider Silac Insurance for $550mn in cash
Howard Hughes to buy Vantage in $2.1 bn specialty reinsurance deal
Howard Hughes Holdings agrees to acquire Vantage Group for about $2.1 bn, backed by Pershing Square, as it pushes toward a diversified holding model
Global M&A activity continued despite a broader global slowdown in 2025
European and Asia Pacific dealmakers outperformed global peers in the first half of 2025, as M&A activity continued despite a broader global slowdown and persistent market uncertainty
NFP acquires P&C broker Hamilton Insurance to expand senior care focus
NFP, an Aon company, acquires Hamilton Insurance Agency in Virginia, adding senior housing and long-term care expertise to its P&C platform
IFC to take 20% stakes in VIG’s Ukrainian non-life insurers, USG and Kniazha
IFC plans to invest in two Vienna Insurance Group insurers in Ukraine, backing growth, digitalisation, and insurance capacity ahead of reconstruction
Nippon Life Insurance moves to acquire MDV to expand health data strategy
Nippon Life launches a tender offer for Medical Data Vision, aiming to deepen use of health data and analytics across insurance and healthcare
Fintech Acrisure to buy tech-first MGA Vave from Canopius
Acrisure agreed to acquire underwriting MGA Vave from Canopius, adding a high-volume, API-driven platform focused on catastrophe-exposed E&S risks
Insurtech Bold Penguin acquires SquareRisk to expand specialty, E&S access
Bold Penguin buys SquareRisk, adding specialty and E&S marketplace access across 45+ carriers and scaling digital wholesale insurance distribution
WTW to buy Newfront in $1.3 bn deal to expand U.S. brokerage
WTW agrees to acquire Newfront for up to $1.3 bn, adding middle-market scale, specialty depth, and AI-driven brokerage technology
Tiptree shareholders back DB Insurance’s $1.65 bn Fortegra takeover
Tiptree holders approve DB Insurance’s $1.65 bn Fortegra acquisition, giving the Korean carrier a US P&C platform and broader specialty reach
Deck2 Capital buys Auto Europe as it kicks off $400 mn OTA roll-up plan
Deck2 acquires Auto Europe via a restructuring deal, launching a US$400mn OTA roll-up built around AI upgrades and insurance distribution
Helvetia gets Spain’s approval to merge Seguros and Suizo into Caser
Spain clears Helvetia’s plan to fold Seguros and Suizo into Caser, creating a top-10 insurer with 2.5mn customers and both brands running through 2027
Skyward clears approvals for $555 mn Apollo deal, targets Q1 2026 close
Skyward wins regulatory and shareholder approvals for its $555mn Apollo acquisition, adding Lloyd’s syndicates and issuing fresh 2026 pro forma guidance
Insurtech bolttech buys Kenya’s mTek to scale embedded insurance across East Africa
bolttech acquires Kenya’s mTek, expanding its East African footprint and boosting global embedded-insurance capabilities with a proven digital platform
Digital MGA Ripe buys Schofields to push deeper into UK and overseas holiday-home cover
Ripe acquires Schofields to enter the holiday-home segment, keeping the family team in place while expanding with its tech and marketing engine
Bridgehaven completes SureStone deal to build its EU specialty platform
Bridgehaven buys Dublin MGA SureStone to expand its EU commercial and specialty reach, adding licences, talent and a scaled hybrid model
Navacord–Acera merger set to form Canada’s largest private brokerage
Navacord and Acera plan a 2026 merger that creates a $7.2bn-premium brokerage with 5,000 staff, 150 offices, and a unified national platform
Baldwin Group to merge with CAC, creating a major US insurance platform
Baldwin and CAC plan a 2026 merger that expands specialty insurance, analytics strength, and middle-market distribution across a 5,000-colleague platform
UK P&I and TT Club explore merger to build a larger maritime mutual
UK P&I Club and TT Club begin merger talks aimed at creating a stronger, more diversified maritime and transport insurance mutual
Marsh McLennan buys Hawai‘i brokerages from Tradewind Group
Marsh McLennan Agency acquires Atlas, Pyramid, and IC in Hawai‘i, expanding its brokerage reach while keeping local teams and offices in place
Piraeus Bank completes €600 mn takeover of Ethniki Insurance
Piraeus Bank closes its €600mn acquisition of Ethniki Insurance, adding scale in protection, investment and Greek insurance markets
Medica to acquire UCare contracts, expanding coverage for 300k members
Medica will acquire key UCare contracts and assets in 2026, expanding coverage for 300k members as UCare exits Medicare Advantage and scales back Medicaid
Cyber insurance faces pressure as M&A tightens capacity and risk rises
Marsh Europe warns insurer M&A could shrink cyber capacity as systemic risk grows, though new entrants and soft reinsurance keep the market stable for now
Insurtech Majesco to acquire Vitech, expanding into pensions and boosting AI portfolio
Majesco will buy Vitech, adding pension and benefits tech and expanding its AI-driven platform across P&C and L&AH markets
CUBE buys Kodex AI to fuse agentic tech into unified compliance stack
CUBE acquires Berlin’s Kodex AI, adding agentic co-worker capabilities and expanding its European footprint across compliance and risk
JAB Insurance moves to acquire Columbian Mutual and CLIC amid rehab
JAB Insurance agrees to buy Columbian Mutual and CLIC, offering capital support as both insurers move through state rehabilitation
MS&AD buys 18% of Barings for $1.44 bn to expand global asset reach
MS&AD takes an 18% stake in MassMutual’s Barings for $1.44bn, adding global scale, new capital, and deeper asset management ties
MS&AD to buy 18% of Barings in $1.44 bn deal to deepen asset partnership
MS&AD will acquire 18% of Barings from MassMutual in a $1.44bn deal, adding growth capital and expanding global investment capabilities
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