Emerald acquired Insurtech Insights, a B2B company focused on the insurance technology sector
Emerald Holding has acquired Insurtech Insights, a London-based company focused on the insurance technology sector
M&A Insurance News
Mitsui Sumitomo Insurance acquires 15% of W. R. Berkley
Mitsui Sumitomo Insurance (MSI), a Japanese property and casualty insurer, has agreed to acquire 15% of the outstanding common stock of W. R. Berkley
Cinven nears completion of €3.5 bn Viridium Group sale to Allianz consortium
Cinven is finalizing the sale of Viridium Group, Germany’s largest life insurance administrator, to a consortium led by Allianz for €3.5bn
Swiss Re plans to sell shares of Definity Financial for C$655 mn
Swiss Re plans to sell 11.7 mn common shares of Definity Financial Corp., a Canadian property/casualty group, for C$655 mn
Allianz, BlackRock, T&D lead €3.5bn acquisition of Viridium, life insurance consolidator
A consortium led by Allianz SE, BlackRock, and Japan’s T&D Holdings will acquire Viridium Group, a German life insurance consolidator, for €3.5bn
U.S. medical liability insurer Doctors Co. acquires ProAssurance for $1.3 bn
The Doctors Co., the largest physician-owned medical liability insurer in the U.S., will acquire ProAssurance Corp. for $1.3 bn
IK Partners acquires stake in Seventeen Group to expand UK insurance presence
Private equity firm IK Partners announced that one of its funds will acquire a minority stake in Seventeen Group, a London-based company
Allianz to sell 26% stake in Bajaj Insurance Joint Ventures for €2.6 bn
Allianz SE entered into binding share purchase agreements with Bajaj Finserv to sell its 26% stake in its successful non-life and life insurance joint ventures – Bajaj Allianz General Insurance
Global insurance M&A fell to a 16-year low in 2024 due to high interest rates
Global insurance mergers and acquisitions (M&A) fell to a 16-year low in 2024 due to high interest rates, geopolitical risks, and stricter regulations
Bicycle insurtech Laka acquired the Luko e-scooter business in France
Laka, a specialist bicycle insurer, has acquired the Luko e-scooter business in France from Allianz Direct, marking its third acquisition
Arthur J. Gallagher acquires San Francisco-based Woodruff Sawyer for $1.2 bn
Arthur J. Gallagher & Co. (AJG) will acquire San Francisco-based Woodruff Sawyer, a commercial property/casualty broker and risk management services provider, for $1.2bn
FTP acquired Coastal Flood Underwriters to expand its flood insurance offerings
FTP has acquired Coastal Flood Underwriters LLC to expand its flood insurance offerings across the U.S.
Optio Group acquired Norwegian-based MGA S Insurance
Optio Group (Optio), an independent specialty MGA, has acquired Norwegian-based MGA S Insurance AS (S Insurance) for an undisclosed amount
Chubb acquires Liberty Mutual’s insurance businesses in Thailand and Vietnam
Chubb has agreed to acquire Liberty Mutual’s insurance businesses in Thailand and Vietnam, which include property and casualty consumer and commercial assets
MGA NSM Insurance sells its U.S. division to New Mountain Capital
NSM Insurance Group, a global specialty insurance provider, has agreed to sell its U.S. commercial insurance division to New Mountain Capital
Ping An Insurance to sell 41,9% stake in Autohome for $1.8 bn
Autohome, a Hong Kong-listed company, announced that Ping An Insurance will no longer be its controlling shareholder after selling a 41.91% stake for $1.8bn
Vouch acquired the team and book of business from StartSure
Vouch, a business insurance provider for high-growth companies, has acquired the team and book of business from StartSure Insurance Services
Legal & General Group sells U.S. business to Meiji Yasuda Life Insurance for $2.3 bn
Legal & General Group plc agreed to sell its U.S. protection business to Meiji Yasuda Life Insurance Co. in a $2.3 billion deal
Suncorp Group finalized the sale of Asteron Life, its New Zealand life insurer
Suncorp Group has finalized the sale of Asteron Life, its New Zealand life insurance business, to Resolution Life NOHC for NZ$410 mn
Aon announced a co-broking agreement with Protecdiv, a minority-owned brokerage
Aon announced a co-broking agreement with Protecdiv, a minority-owned brokerage, to expand service offerings for U.S. public and private sector clients
Allstate agreed to sell its Group Health business to Nationwide Mutual Insurance for $1.25 bn
Allstate Corp. agreed to sell its group health business to Nationwide Mutual Insurance Co. for $1.25 bn in cash. The deal is expected to close in the second half of the year
Suncorp Group completed the sale of Asteron Life, its New Zealand life insurer, for NZ$410 mn
Suncorp Group Ltd. completed the sale of Asteron Life Ltd., its New Zealand life insurance business, to Resolution Life NOHC for NZ$410 mn
Generali and BPCE form $1.97 tn asset management joint venture
Generali and French banking and insurance group BPCE have agreed to form a 50-50 joint venture, creating a global asset management operation with €1.9 tn
Canadian insurers Beneva and Gore Mutual plan to merge to drive growth
Canadian mutual insurers Beneva and Gore Mutual plan to merge to drive growth, reinforcing the role of mutuals in the country’s insurance industry
Alpine Intel acquires BSC Forensics to enhance claims investigations
Alpine Intel, a US-based insurance solutions provider, has acquired BSC Forensics for an undisclosed sum. The acquisition is expected to improve efficiency and accuracy for its clients
GRAM ABF acquires majority stake in UniVista Insurance at $700 mn valuation
Entities tied to GRAM’s Americas Buyout Fund, have made a majority investment in Miami-based UniVista Insurance
Canadian Fairfax becomes the 100% owner of Ukrainian insurers – ARX, ARX Life, UNIVERSALNA
Fairfax Financial Holdings has completed a deal with the EBRD and has become the 100% owner of Ukrainian insurance companies UNIVERSALNA, ARX, and ARX Life
Generali Investments acquires a 77% stake in MGG Investment Group for $320 mn
Assicurazioni Generali’s investment arm is acquiring a 77% stake in U.S.-based middle-market investment firm MGG Investment Group for $320 mn
Standard Insurance sues Securian Financial over $50 mn earn-out dispute
Standard Insurance Co. has sued Securian Financial Group, Inc. and its subsidiary, Minnesota Life Insurance Co., over $50 mn in earn-out payments tied to a 2022 acquisition
Reinsurance Group of America announced a strategic investment in PACT Capital
Reinsurance Group of America (RGA), a leading life and health reinsurer, has announced a strategic investment in PACT Capital LLC, an independent investment firm
Ping An plans to acquire the remaining shares of Ping An Healthcare for $1.7 bn
Ping An Group plans to acquire the remaining shares of Ping An Healthcare and Technology Co. for HK$13.23 bn ($1.70 bn
Chesnara acquires £1.5 bn portfolio from Canada Life Insurance in UK
Chesnara, a European life and pensions consolidator, has acquired a closed portfolio of unit-linked bonds and legacy pensions totaling 17,000 policies
PIC completed a £24 mn full buy-in of the Holophane Retirement Benefits Scheme
PIC has completed a £24 mn full buy-in of the Holophane Retirement Benefits Scheme, securing pension benefits for 95 pensioners, dependents
Aviva and Direct Line Insurance anticipate £250 mn in one-off integration costs
Aviva and Direct Line Insurance Group anticipate £250 mn in one-off integration costs for their proposed £3.7 bn merger
DARAG acquires run-off portfolio from wefox Insurance
DARAG Group, a prominent legacy acquirer, has agreed to purchase a run-off portfolio from wefox Insurance AG. The portfolio includes motor damage, third-party liability
Knighthead Insurance Group acquired Merit Life Insurance
Knighthead Insurance Group has acquired Merit Life Insurance for an undisclosed amount, rebranding it as Knighthead Life
Marsh McLennan to acquire Fisher Brown Bottrell Insurance for $345 mn
Marsh McLennan Agency (MMA), a subsidiary of Marsh, plans to acquire Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE) from Trustmark National Bank
SageSure acquired GeoVera Advantage Insurance Services
SageSure, a managing general agent focused on catastrophe-prone markets, has completed its acquisition of GeoVera Advantage Insurance Services
Sentry Insurance acquired of The General, a non-standard auto insurer
Sentry Insurance announced the successful completion of its acquisition of The General, a leading provider of non-standard auto insurance, from American Family Insurance
OCBC Hong Kong to sell stake in Hong Kong Life for $75 mn
OCBC Bank (Hong Kong) announced it will sell its entire 33.33% stake in Hong Kong Life Insurance for approximately HK$589.3 mn ($75 mn) to Yue Xiu Enterprises (Holdings)
Insurtech wefox to sell wefox Insurance to a Swiss consortium
Insurtech wefox Holding AG has finalized an agreement to sell its Liechtenstein-based insurer, wefox Insurance AG, to a Swiss consortium led by BERAG
Cathay Life to acquire 50% stake in Offshore Wind Farm near Taiwan
Cathay Life Insurance Co. along with its subsidiary Cathay Wind Power Holdings Co.will purchase a 50% stake in the Greater Changhua 4 Offshore Wind Farm
Nippon Life to acquire 100% of Resolution Life in $8.2 bn deal
Nippon Life Insurance Co. will acquire full ownership of Resolution Life for $8.2 bn. The payment will secure Nippon Life the remaining shares from Resolution Life
AIG sells Corebridge shares to Nippon Life for $3.8 bn
American International Group Inc. (AIG) finalized the sale of 120 mn shares of Corebridge Financial common stock to Nippon Life Insurance Co
Allianz Group withdrawn its offer to acquire a majority stake in Income Insurance
Allianz Group has withdrawn its pre-conditional cash offer to acquire a majority stake in Income Insurance Limited. The move follows changes to Singapore’s Insurance Act
MGA Optio Group acquired of Den Hartigh Beheer & Exploitatie B.V.
The UK-based managing general agent (MGA) Optio Group has finalized its acquisition of Den Hartigh Beheer & Exploitatie B.V.
Assicurazioni Generali to sell stake in Generali Life Assurance Philippines
Assicurazioni Generali S.p.A. announced an agreement to sell its entire stake in Generali Life Assurance Philippines Inc. to The Insular Life Assurance Co
Zurich Insurance completed $600 mn acquisition of AIG’s personal travel business
Zurich Insurance Group has completed its $600 mn cash purchase of American International Group’s personal travel business. This move strengthens Zurich’s position
Hanwha Life Insurance acquires the parent company of Velocity Clearing
Hanwha Life Insurance plans to acquire a 75% stake in the parent company of Velocity Clearing. This move provides the South Korean life insurer with a foothold in the U.S.
Aviva acquires U.K. P&C insurer Direct Line Insurance for £3.51 bn
Aviva has reached a preliminary deal to acquire U.K. property and casualty insurer Direct Line Insurance Group plc for £3.51 bn.
Gallagher will acquire AssuredPartners Inc. for $13.45 bn
Arthur J. Gallagher & Co. (AJG) will acquire AssuredPartners Inc. for $13.45 bn. The deal strengthens AJG’s presence in the U.S. middle market and leverages AssuredPartners’ active mergers and acquisitions
Westland Insurance acquired of MSP Insurance, expanding operations in Ontario
Westland Insurance has expanded its operations in Ontario with the acquisition of MSP Insurance Corp., also known as Mitchell Sandham Pastor Insurance Brokers
Liberty Global Transaction Solutions released its annual M&A claims briefing
Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, has released its fifth annual M&A claims briefing. The 2024 report analyzes insurance claims
Gallagher acquired Dawson & Keenan Insurance, a retail insurance brokerage in Ontario
Arthur J. Gallagher & Co. has acquired Dawson & Keenan Insurance, a retail insurance brokerage in Sault Ste. Marie, Ontario. The financial details of the deal were not disclosed
McDougall Insurance acquired Cornell Insurance Brokers, based in Markham
McDougall Insurance Brokers Limited (McDougall Insurance) has acquired Cornell Insurance Brokers Ltd., a brokerage based in Markham
Allianz Australia purchases RAA’s general insurance business and securing
Allianz Australia has partnered with the Royal Automobile Association of South Australia (RAA) in a deal valued at AUD$642.2 mn
Abacus Life completes $2 bn acquisition of Carlisle Management Company
Abacus Life, a global alternative asset manager specializing in longevity data and actuarial technology, has completed its acquisition of Carlisle Management Company S.C.A. Carlisle
Drayden Insurance acquired Norwest Insurance Agencies in Alberta
Drayden Insurance, a subsidiary of McDougall Insurance Brokers, has acquired Norwest Insurance Agencies, continuing its expansion in Alberta
Navacord’s Jones DesLauriers partners with Vita Assure to expand in Quebec
Jones DesLauriers Consulting, the benefits consulting division of Jones DesLauriers Insurance and a Navacord broker, has partnered with Vita Assure, a Quebec-based firm
Aon acquires the insurance agency of Mitsubishi Chemical Group in Japan
Aon announced a definitive agreement to acquire the in-house insurance agency of Mitsubishi Chemical Group (MCG). The move expands Aon’s risk and health offerings in Japan
U.S. cyber insurance premiums rose nearly 11% in 2025 as policy volume jumped, but weaker pricing, higher losses, and AI-driven threats added fresh pressure
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
Insurers enter 2026 with longer settlement cycles, rising volumes, and slow AI adoption, increasing costs and operational risk, AutoRek finds
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