Mergers & Acquisitions

2025’s first half saw an 8% decrease year over year in independent insurance agency mergers and acquisitions, but still well 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.

The transaction is expected to close by the end of 2024 and will enhance Marsh McLennan Agency’s operations across commercial property & casualty insurance, employee benefits, management liability and personal lines.