It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity. Although overall volume and value of M&A in the insurance sector was down, mirroring many other sectors, there were segments that bucked the trend. Most notably, deal volumes, competitive tension and pricing remained strong for insurance broking and MGA/MGU transactions with the US and mainland Europe especially active.
Will this trend continue in 2024, and what other areas of the global insurance market are likely to be busiest…
