Mergers & Acquisitions

The acquisition of Cytora, a U.K.-based digital risk processing company, will allow Applied to accelerate its vision of delivering a connected end-to-end policy lifecycle.

Independent insurance agency mergers and acquisitions are stabilizing after years of frenzied activity, but remain above pre-pandemic levels.

The Florida-based insurance broker is expected to close the $9.8 billion cash-and-stock deal in the third quarter of 2025.

Mergers and acquisition insurance sector deals dropped 15% to 141 in the first quarter of 2025, a decline from 166 in the first quarter of 2024.

The deal is expected to close in the second quarter of 2025 and will continue to strengthen Gallagher’s middle-market reach.

While 2024 saw decreased mergers and acquisition activity from the previous four years, activity was still higher than in pre-pandemic years.

The transaction, the largest sale ever of a U.S. insurance broker to a strategic acquirer, will strengthen Gallagher’s U.S. middle-market property & casualty and employee benefits focus.

The deal enables Safeco to grow its personal lines presence in 22 states as Main Street America shifts to focus exclusively on commercial lines.

The acquisition will unlock even more potential for Vertafore MGA customers by adding a modern agent portal, a powerful underwriting workbench and flexible workflow automation.

While deal volume is still off from the peak, it remains above pre-2021 levels, according to OPTIS Partners.