EQT and CVC form consortium in A$5.25 bn bid for insurance broker AUB Group
AUB Group allows EQT and CVC to form a consortium to acquire the Australian broker in a deal valued at A$5.25 bn, extending exclusivity talks to early December
Insurance M&A News
Howden to acquire Evelyn Partners’ employee benefits consultancy EPFS
Howden will acquire Evelyn Partners Financial Services to boost its UK employee benefits and corporate health division, pending regulatory approval in 2026
Aquarian Capital to buy Brighthouse Financial in $4.1 bn cash deal
Aquarian Capital will acquire Brighthouse Financial for $4.1 bn in cash, keeping the insurer independent and focused on U.S. retirement markets
Nippon Life completes $8.2 bn acquisition of Resolution Life Group
Nippon Life finalizes its $8.2 bn takeover of Resolution Life, forming Acenda in Australasia and expanding its life and reinsurance reach globally
Ryan Specialty to acquire Stewart Specialty Risk Underwriting in Canada
Ryan Specialty expands in Canada with the acquisition of Stewart Specialty Risk Underwriting, a managing underwriter for high-hazard property and casualty risks
Starr to acquire IQUW Group to expand underwriting reach at Lloyd’s
Starr agrees to acquire IQUW Group, boosting its position at Lloyd’s and expanding underwriting capacity across specialty, property, and motor markets
AIG and Onex secure $7 bn deal for majority stakes in Convex Group
AIG and Onex will acquire major stakes in Convex Group, valuing the insurer at $7bn and deepening their strategic partnership across global specialty markets
Guidewire to acquire ProNavigator for context-aware intelligence in P&C
Guidewire signs deal to acquire ProNavigator, boosting AI-driven knowledge tools for insurers across sales, underwriting, claims, and customer service teams
Swiss Re pauses new life insurance deals in Australia as TPD claims soar
Swiss Re halts new business in Australia, citing unsustainable TPD insurance costs, with $1.43bn mental health claims in 2024 straining the financial system
Wright Flood to acquire Poulton Associates as private flood insurers gain ground
Wright Flood, a Brown & Brown unit, moves to buy Poulton Associates amid NFIP shutdown fallout and shifting demand for private flood insurance
Yuexiu completes full takeover of Hong Kong Life with $130 mn capital boost
Yuexiu Enterprises finalizes Hong Kong Life acquisition, injecting HK$1 bn ($130m) to expand retirement, health, and Greater Bay Area insurance growth
Vienna Insurance Group acquires Nürnberger in €1.38 bn deal with major backer support
VIG launches €120-per-share offer for Nürnberger valued at €1.38bn, with 64% of shareholders pledging support ahead of regulatory review
Brown & Brown Europe to acquire Pardus Underwriting, expand UK MGA reach
Brown & Brown Europe agrees to acquire Pardus Underwriting, a UK MGA focused on property and commercial insurance, strengthening its London Market presence
NTT DATA acquires Alchemy Technology to expand global insurance modernization
NTT DATA acquires UK-based Alchemy Technology, boosting Guidewire and London Market expertise while expanding digital transformation for insurers worldwide
Abacus Global acquires AccuQuote to expand digital insurance and wealth services
Abacus Global buys AccuQuote, merging insurance tech with wealth planning to grow revenue, extend digital reach, and serve millions of clients across the US
Fairfax to sell €813 mn Eurolife life stake to Eurobank, keep P&C focus
Fairfax signs term sheet to sell 80% of Eurolife’s life business to Eurobank for €813mn, while retaining P&C stake and acquiring 45% of ERB Asfalistiki
Icen Risk enters U.S. M&A insurance market with $50 mn Zurich-backed capacity
Icen Risk expands into the U.S. M&A market with $50mn Zurich capacity, offering tax and warranty cover to private equity, funds, and corporates
Amwins buys Applied Risk Capital to expand into leveraged finance credit cover
Amwins acquires Applied Risk Capital, adding credit insurance for leveraged finance lenders, banks, and funds to its growing MGA portfolio
Bishop Street Underwriters acquires UK’s Avid Insurance in RedBird-backed expansion
Bishop Street Underwriters buys Avid Insurance, strengthening its UK presence with new specialty lines and data-driven underwriting expertise
SiriusPoint sells 49% Arcadian Risk stake to Lee Equity for $139 mn
SiriusPoint offloads its Arcadian Risk Capital stake to Lee Equity for $139mn but extends capacity deal through 2031 to keep backing the MGA
SiriusPoint sells ArmadaCare to Ambac for $250 mn, keeps capacity ties
SiriusPoint offloads ArmadaCare to Ambac for $250mn, books $220–230mn pretax gain, extends capacity partnership with Armada through 2030
Datavant buys DigitalOwl to push AI medical data into insurance and legal
Datavant acquires DigitalOwl, fusing AI-driven medical data tools with its network to speed claims, legal reviews and healthcare record access
Optifino, Covr merger creates digital BGA 3.0 for life insurance advisors
Optifino and Covr merge to form Digital BGA 3.0, blending AI-driven case design with enterprise compliance to modernize life insurance distribution
DB Insurance to acquire U.S. specialty writer Fortegra in $1.65 bn cash deal
South Korea’s DB Insurance makes first U.S. acquisition, buying Fortegra Group for $1.65bn to expand into surety, warranty, and global P&C growth.
MetLife buys 20% stake in insurtech Klimber to expand Latin America reach
MetLife acquires 20% of Klimber, aiming to scale digital insurance access in Latin America through AI-driven underwriting and embedded distribution
Motor Trades Association of Australia warns IAG’s RAC Insurance deal risks shrinking competition
Australia’s motor trade group says IAG’s RAC Insurance takeover would entrench consolidation, raising premiums and reducing consumer choice
Onex to acquire insurtech ISC from KKR as Japan Post backs $2 bn Global Atlantic deal
Onex Partners to buy ISC from KKR, while Japan Post commits $2bn to a Global Atlantic vehicle tied to insurance, reinsurance, and strategic activity
US and Canadian insurance brokers chase bigger M&A as growth slows
Insurance brokers lean on large acquisitions as organic growth cools, raising leverage risks but highlighting sector resilience and cash flow strength
Simplicity acquires Professional Planning Services, expands wealth platform
Simplicity Group buys Professional Planning Services, adding new partners and strengthening its holistic wealth and protection offering in Summit, NJ
Renaissance Life & Health Insurance to acquire Ansel Health
Renaissance Life & Health will buy Ansel Health, adding its supplemental health tech platform and RenSecureHealth product to expand benefits innovation
Howden to acquire Gravitas Insurance, boosting US entertainment broking
Howden Broking has reached an agreement to acquire Gravitas Insurance Agency, a Los Angeles-based retail brokerage specializing in contingency insurance for music, sport, and live events
Radian to buy Lloyd’s syndicat Inigo for $1.7 bn, pivoting into global specialty
Radian Group to acquire Inigo Insurance for $1.7B in all-cash deal, doubling revenue and shifting from mortgage focus to global specialty lines
Third Point completes Malibu Life Re acquisition, targets $5 bn premiums by 2027
Third Point Investors finalizes Malibu Life Re deal, issues new shares, and sets sights on $5bn annual premiums with strong U.S. annuity market tailwinds
Applied Systems acquires Cytora to expand AI-driven insurance automation
Applied Systems buys Cytora, integrating its AI risk platform to cut costs, speed underwriting, and advance the “Digital Roundtrip of Insurance.”
SageSure to buy Gemini Financial, adds Olympus MGA and Florida insurer
SageSure acquires Gemini Financial and Olympus MGA, boosting Florida presence with 130k policies, $700mn premiums, and 1,500 agents statewide
EverPeak Insurance buys Method Insurance to expand broker reach nationwide
EverPeak Insurance acquires Method Insurance to broaden broker options, boost tech-driven services, and strengthen workers’ comp solutions for employers
CatX and Cactus merge to form Bermuda’s biggest insurance software firm
CatX and Cactus join forces, creating Bermuda’s largest insurance software firm and launching Cactus Risk Studio, an AI-driven platform for risk analysis and transactions
Bain Capital to buy insurance platform Jensten Group, plans tech and M&A push
Bain Capital moves to acquire U.K.-based Jensten Group, expanding its insurance distribution play with fresh capital and growth strategy
Insurance Australia Group seals A$855 mn deal for RACQ Insurance
IAG buys 90% of RACQ Insurance for A$855 mn, adding 840 staff and securing a 25-year underwriting partnership in Queensland
Gallagher Re to acquire Steadfast Re, expanding in Australia & Asia Pacific
Gallagher Re, the reinsurance broking arm of Arthur J. Gallagher, has agreed to acquire Steadfast Re, the Sydney-based reinsurance broker launched a decade ago
Skyward Specialty to acquire Lloyd’s platform Apollo in $555 mn deal
Skyward Specialty Insurance Group has agreed to acquire 100% of Apollo Group Holdings Limited for $555 mn, marking a significant expansion
Marsh McLennan Agency expands in Tennessee with Robins Insurance deal
Marsh McLennan Agency (MMA), the middle-market subsidiary of Marsh, has acquired Robins Insurance, a Nashville-based independent brokerage
Vienna Insurance Group will acquire 80% of Moldasig
Vienna Insurance Group (VIG) will acquire 80% of Moldasig S.A. after securing the stake in a public auction, a move that will make it the largest insurer in Moldova with an estimated 30% market
Sompo Holdings buys Aspen Insurance in $3.5 bn cash deal
Sompo Holdings will acquire Aspen Insurance Holdings for $3.5 bn in an all-cash transaction, marking one of the largest recent cross-border insurance deals
Steadfast expands into U.S. with majority stake in Novum Underwriting
Cleveland-based Novum Underwriting Partners, a managing general agent and wholesale brokerage, has become part of Steadfast Group’s network after the Australian insurance giant
Berkshire Hathaway invests $1.57 bn in UnitedHealth Group
Berkshire Hathaway disclosed a $1.57bn investment in UnitedHealth Group after acquiring 5.03mn shares, according to filings with the SEC
CarTrawler acquires insurtech Koala to expand into travel insurance
Irish travel technology firm CarTrawler has acquired French insurtech startup Koala, marking its first major move into the insurance technology space
Advent to acquire Sapiens in $2.5 bn all-cash deal, taking InsurTech provider private
Sapiens International Corporation, a SaaS software vendor for the insurance sector, will be acquired by private equity firm Advent in a $2.5bn all-cash deal
Manulife Financial acquires 75% stake in Comvest Credit Partners for $937.5 mn
Manulife Financial Corp. will acquire a 75% stake in Comvest Credit Partners for $937.5 mn, a move aimed at expanding its private credit platform
Software Circle acquires 95% stake in Irish Fintech AIF for up to €9 mn
Software Circle, a London-listed software investment firm, has acquired a 95% stake in Dublin-based fintech Artificial Intelligence Finance (AIF) in a deal valued at up to €9mn
Insurtech Datos Insights acquired of InsTech, the insurance innovation community
Datos Insights, a global provider of data and advisory solutions to the financial services and insurance industries, has announced the acquisition of InsTech
Resolution Life expands in Asia with reinsurance deal and Nippon Life acquisition
Resolution Life signed a flow reinsurance agreement with Taiju Life Insurance Co., part of the Nippon Life group, to support an Australian dollar-denominated
Chubb completed acquisition of LMG Insurance in Thailand for $321 mn
Chubb has completed its acquisition of LMG Insurance in Thailand for $321 mn, marking a strategic expansion of its operations in Southeast Asia
Insurtech COVU acquires Mitchell in push to scale AI-driven insurance in California
Insurtech COVU, an AI-native insurance servicing platform, has acquired Mitchell Insurance Agency, a long-standing, family-owned firm based in Roseville, California
Startup Hourly is merging with business insurance provider WeSure Digital
Hourly, a startup providing workers’ compensation, time tracking, and payroll solutions, is merging with small business insurance provider WeSure Digital
Herald acquired Babbix, an email-native AI agent developed for brokers
Herald, a provider of digital infrastructure for commercial insurance, has acquired Babbix, an email-native AI agent developed for brokers
Insurtech Verisk acquired SuranceBay for $162.5mn
Insurtech Verisk entered a definitive agreement to acquire SuranceBay, a provider of producer licensin, and compliance software for the life and annuity sector, for $162.5mn
Athora acquires the UK’s Pension Insurance Corp. Group for £5.7 bn
Athora Holding, a European savings and retirement business, agreed to acquire the United Kingdom’s Pension Insurance Corp. Group (PICG) for about £5.7 bn
Chesnara acquired the U.K. life insurance business of HSBC Bank for £260 mn
Chesnara and its subsidiaries announced they have entered an agreement to acquire the U.K. life insurance business of HSBC Bank for £260 mn in cash
Nationwide completed $1.25 bn acquisition of Allstate’s group health segment
Nationwide completed its $1.25 bn acquisition of Allstate’s group health segment, positioning itself as a leading provider of employer stop-loss business
US employer healthcare costs will rise 9.5% in 2027, taking average annual spending above $19,000 per employee. The forecast extends a run of healthcare cost increases approaching double digits
California health insurance enrollment: learn Covered California deadlines, open enrollment dates, special enrollment options, subsidies and Medi-Cal eligibility
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
Finding affordable health insurance in California can be overwhelming. You’re faced with dozens of plan options, unfamiliar terms and questions about whether you qualify for subsidies through Covered California