Mergers & Acquisitions

The Baldwin Group and CAC Group have agreed to merge, which will create one of the largest independent insurance advisory and distribution platforms in the U.S.

2025 has told a tale of two very different market realities for public brokers. Here’s what that means for agency mergers & acquisitions.

Independent insurance agency mergers and acquisitions slowed in the first three quarters of 2025, a 7% decrease from the same period in 2024.

Marsh McLennan announced it is changing its brand to Marsh, effective January 2026. The company has also created a new unit to centralize investments in operations, data, artificial intelligence (AI) and analytics.

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.