M&A activity in global insurance market hits historic low

Written by Adam Cadle

27/03/2025

M&A activity in the global insurance market hit a historic low in 2024, with only 204 transactions being completed, significantly less than the 10-year average of 380, Clyde & Co’s latest Insurance Growth Report has revealed.

Against a far from ideal economic backdrop, many carriers turned to managing general agents (MGAs) to provide a flexible method of entering new markets and accessing specialist expertise, without having to commit to a traditional acquisition.

The US led the way in terms of M&A activity, with a total of 69 transactions completed across the full year.

In Europe, the UK saw the highest volume of acquisitions, with broker consolidation continuing to be a key driver.

In the Middle East, regulatory effort to drive consolidation across the market, particularly in the UAE and Saudi Arabia, have led to an uptick in activity, while the M&A market across the APAC region continues to be muted.

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