Bishop Street Underwriters acquired the Transactional Liability unit of Ethos Specialty
Bishop Street Underwriters, part of the RedBird Capital Partners portfolio, has acquired the Transactional Liability unit of Ethos Specialty
Insurance M&A News
MDS Group acquired Cobian Insurance Brokers
The MDS Group, part of The Ardonagh Group, has announced it has agreed to acquire insurance broker Cobian Insurance Brokers
Insurtech Vertafore acquired cloud-based software platform Surefyre
North America’s insurtech Vertafore announced its acquisition of Surefyre, a leading platform focused on submission and underwriting for MGAs and wholesalers
Centana Growth Partners acquired a majority stake in First Connect Insurance
Centana Growth Partners has acquired a majority stake in First Connect Insurance Services, an insurtech platform connecting independent insurance agents with carriers
Swiss Re sells iptiQ’s European P&C business to Allianz
Swiss Re will sell iptiQ’s European Property & Casualty (P&C) business to Allianz Direct, aligning with its strategic exit from iptiQ. This transaction, which covers iptiQ EMEA P&C S.A
Ardonagh Group completes acquisition of PSC Insurance, expanding APAC & UK platforms
The Ardonagh Group, a major independent insurance broking platform, has completed the acquisition of PSC Insurance Group Limited
UNIQA Insurance Group sold of the Russian insurer Raiffeisen Life
UNIQA Insurance Group has completed the sale of its Moscow-based subsidiary, Raiffeisen Life, to the Russian company Renaissance Life
JMG Group acquired of Confidential Solutions Group
JMG Group has acquired its 40th business with the purchase of London-based Confidential Solutions Group. This acquisition includes a managing general agent
Marsh McLennan acquires McGriff Insurance Services for $7.75 bn
Marsh McLennan (MMC) announced plans to acquire McGriff Insurance Services for $7.75 bn. This move aims to expand MMC’s U.S. commercial and personal lines broking operations
MGA Optio Group acquires Luxembourg-based Circles Group, expanding European presence
Optio Group, a specialty managing general agent (MGA), has acquired Circles Group, a Luxembourg-based MGA, for an undisclosed sum. The transaction is pending regulatory approval
Sixth Street acquires Enstar Group, totalled equity value of $5.1 bn
Enstar Group has entered into a definitive merger agreement under which Sixth Street will acquire Enstar, with Liberty Strategic Capital, J.C. Flowers & Co.
UK-based insurtech Policy Expert secured new backing from PE-firm Cinven
Policy Expert, a home and motor insurtech, has secured new backing from international private equity firm Cinven to fuel its expansion plans
Sentry Insurance acquired The General from American Family Insurance for $1.7 bn
Sentry Insurance announced its agreement to acquire The General from American Family Insurance for $1.7bn. The deal includes $1.1bn in cash, plus assumed liabilities and required capital
ML insurtech Akur8 acquired Arius, a P&C reserving software
Insurtech Akur8, a machine learning-based insurance pricing solutions, has acquired Arius, a P&C reserving software
Moody’s acquired Praedicat, casualty & liability modeling capabilities
Moody’s has acquired of Praedicat, a provider of casualty insurance analytics. This move strengthens Moody’s risk assessment offerings by adding casualty and liability modeling
Clear Group acquired non-standard MGA Accelerate Underwriting
Clear Group announced the acquisition of MGA Accelerate Underwriting. This marks Clear Group’s fourth MGA acquisition as it strengthens its underwriting capabilities for brokers
Intermediary Specialist Risk Group (SRG) acquired MGA Capulus
Intermediary Specialist Risk Group (SRG) has acquired Capulus, a Wales-based managing general agent, to enhance its motor fleet capabilities
AXA acquired Gruppo Nobis, a retail P&C insurer in Italy
AXA announced an agreement to acquire Gruppo Nobis, a retail P&C insurance company in Italy with a diverse distribution network
Number of M&A deals involving insurance brokers in North America increased by 8%
The number of M&A deals involving insurance brokers in North America increased by 8% sequentially to 120 in the second quarter, according to S&P
Chubb’s acquisition of pet insurance MGA Healthy Paws valued at $300 mn
Insurance gigant Chubb announced in April a definitive agreement to acquire Healthy Paws, a U.S.-based managing general agent specializing in pet insurance
Sixth Street acquired Enstar by total equity value of $5.1 bn
Enstar Group has entered into a definitive merger agreement under which Sixth Street will acquire Enstar, with Liberty Strategic Capital, J.C. Flowers & Co
Insurtech Zebra acquired digital platform Marble
Insurtech Zebra has acquired digital platform for managing and saving on insurance Marble. The acquisition is effective as of July 25
EY highlights a rise in disclosed M&A deals in the UK insurance sector
EY report highlights a notable rise in publicly disclosed M&A deals in the UK insurance sector, increasing from 54 in H1 2023 to 94 in H1 2024
Aviva acquired of Probitas Holdings (Bermuda) for £249 mn
Aviva has finalized the acquisition of Probitas Holdings (Bermuda) Limited for £249 mn, marking its entry into the Lloyd’s market
European financial & insurance M&A activity rebounded
M&A activity in the European financial afn insurance services industry rebounded in the first half of 2024 after a slow
Zurich Group acquires AIG’s global personal travel insurance business
Zurich Insurance Group announced an agreement to buy AIG’s global personal travel insurance and assistance business, AIG Travel, for $600 mn
Generali CEE Holding completes 4Life Direct acquisition
Generali CEE Holding has finalized the acquisition of 4LifeDirect, a life insurance distribution company in Poland
Zurich Insurance acquires 70% of indian insurer Kotak for $670 mn
Zurich Insurance Company has completed of acquiring majority stake in Kotak Mahindra General Insurance Company from Kotak Mahindra Bank
AIG initiated a secondary offering of Corebridge Financial stock
AIG has initiated a secondary offering of Corebridge Financial common stock, has initiated a secondary offering
AON acquired of NFP, a middle market P&C insurance broker
AON, a global professional services firm, has completed the acquisition of NFP, a middle market property and casualty broker, benefits consultant
Marsh acquired Fisher Brown Bottrell Insurance
Marsh McLennan Agency announced that it has entered into a definitive agreement to acquire Fisher Brown Bottrell Insurance (FBBINSURANCE)
AXA Investment Managers acquires W Capital Partners
AXA Investment Managers has agreed to acquire W Capital Partners, a New York-based private equity firm specializing in GP-led and direct secondaries transactions
Blue Owl Capital acquires Kuvare Asset Management, a insurers’ invest manager
Blue Owl Capital will spend $750 mn to acquire Kuvare Asset Management, a boutique investment management firm that services the insurance industry
AGCS to sell US Fireman’s Fund insurance businesses to Arch for $1.4 bn
Allianz Global Corporate & Specialty to sell its Fireman’s Fund insurance businesses in the United States to Arch Insurance North America for total transaction value of $1.4 bn
Japanese Dai-ichi Life Insurance acquired of a 19.9% stake in Canyon Partners
Japanese insurance company Dai-ichi Life Holdings has acquired of a minority stake in Canyon Partners, a leading alternative investment manager based in the United States
M&A in UK insurance industry rose, in contrast to a EU slowdown
M&A in the UK insurance industry rose in 2023, in contrast to a wider slowdown in deal activity across Europe, the Middle East and Africa
Most global M&A deals announced with transaction values >$10 bn
February marked the third straight month in which four global M&A deals were announced with transaction values greater than $10 billion
Wipro acquired insurtech Aggne Global for $66 mn
Wipro, India’s fourth largest information technology (IT) services firm, will acquire US-based insurtech firm Aggne Global
Dutch insurer Achmea sales of its life insurance division
Dutch insurer Achmea is weighing the sale of its life insurance division. Achmea has hired JPMorgan to chart the possibilities for the division
Howden Group acquired Scottish broker Laurie Ross
Howden has recently announced its acquisition of Laurie Ross, a Scotland-based broker specializing in both personal and commercial lines
The UK financial services industry reported 273 M&A deals in 2023, totaled £12bn
The UK financial services industry reported 273 deals in 2023, representing a 9% fall from the 301 deals recorded in 2022
Aviva will receive an additional £80 mn from sale of Singapore Life
Aviva plc has announced expectations to receive an additional £80 million (approximately SGD 0.1 billion) from the sale of its shares in Singapore Life Holdings Pte Ltd (Singlife)
Generali becomed the 100% shareholder of Generali China Insurance
Generali enhances its strategic position in China, becoming the 100% shareholder of Generali China Insurance Company
Aon’s $13.4 bn acquisition of NFP is largest deal in global insurance broking sector
Aon’s $13.4 billion acquisition of NFP is the largest deal ever announced in the global insurance broking sector
Sumitomo Life Insurance acquired a 35.5% stake in Singapore Life Holdings
Sumitomo Life Insurance Company, a Japanese insurer, has agreed to acquire a 35.5% stake in Singapore Life Holdings (Singlife) from TPG Inc
Swiss Re acquired Fathom, a water risk intelligence and flood models UK provider
Swiss Re has acquired Fathom, a UK-based company specializing in water risk intelligence and flood modeling
Howden acquired NORTH Risk, Denmark’s fourth-largest insurance intermediary
Howden has announced its definitive agreement to acquire NORTH Risk, Denmark’s esteemed fourth-largest insurance intermediary
Aviva acquired Optiom O2, a canadian vehicle insurance MGA, of $124 mn
Aviva announces the acquisition of Optiom O2 Holdings from Novacap and other minority shareholders for consideration of CAD$170 mn
BNP Paribas Cardif acquires a 51% stake in BCC Vita life insurance in Italy
BNP Paribas Cardif will acquire a 51% stake in BCC Vita along with an agreement with BCC Banca Iccrea for the exclusive distribution
Vienna Insurance Group acquires an additional 35% in Corvinus’ Hungarian business
Vienna Insurance Group (VIG) has agreed to acquire an additional 35% stake in its Hungarian insurance business from Corvinus
Talanx acquired of insurance business of Liberty Seguros in Brazil
Talanx‘s Retail International division has successfully finalised the acquisition of Liberty Seguros in Brazil. The acquisition signifies HDI’s significant advancemen
Gallagher completed the acquisition of Keaney Insurance Brokers
Arthur J. Gallagher has completed the acquisition of Keaney Insurance Brokers, a prominent commercial insurance broker
Global insurance broker Arthur J. Gallagher acquired Cadence Insurance
Arthur J. Gallagher has signed a definitive agreement to acquire Baton Rouge, Louisiana-headquartered Cadence Insurance
Aviva acquired of AIG Life UK from Corebridge Financial of £460 mn
Aviva announces the acquisition of AIG Life UK from Corebridge Financial, a quoted subsidiary of American International Group, for consideration of £460 mn
CelsiusPro acquired of Global Parametrics Holding
CelsiusPro AG announced the acquisition of Global Parametrics Holding, in a transaction that significantly strengthens its global capabilities to offer parametric risk transfer
Fintech Acrisure acquires MGA Modus Underwriting
Acrisure, a fintech that operates a top-10 global insurance broker, announced its acquisition of Modus Underwriting, an technology driven, MGA
Marsh acquires 100% of Honan Insurance Group by $448 mn
Marsh has acquires Honan as the US insurance broker giant seeks to expand its presence in Australia and New Zealand
AXA acquires Laya from Corebridge Financial – subsidiary of AIG
French insurer AXA has signed a deal to acquire Irish health insurance company Laya Healthcare (Laya) in a deal valued at €650 mn
BlackRock announced joint venture with billionaire Mukesh Ambani in India
BlackRock and Jio Financial Services announced an equal stakes joint venture to launch asset management services in India. The venture, named Jio BlackRoc
Howden acquires Swiss aviation insurance broker Hudson Sky
Howden, the global insurance group, has acquired Hudson Sky International, securing briker’s position as a pre-eminent broker in the aviation insurance sector in Switzerland
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