M&A Hits 5-Year First-Quarter Low But Big Deals Loom
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.
Mergers & Acquisitions
Gallagher Acquires Woodruff Sawyer for $1.2 Billion
The deal is expected to close in the second quarter of 2025 and will continue to strengthen Gallagher’s middle-market reach.
Agency M&A Down 10% in 2024
While 2024 saw decreased mergers and acquisition activity from the previous four years, activity was still higher than in pre-pandemic years.
Gallagher Breaks Records with $13.45 Billion AssuredPartners Acquisition
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.
Safeco to Take Main Street America’s Personal Lines Book
The deal enables Safeco to grow its personal lines presence in 22 states as Main Street America shifts to focus exclusively on commercial lines.
Vertafore Acquires Surefyre to Expand MGA Growth
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.
Insurance Agency M&A Down 10% but Stabilizing
While deal volume is still off from the peak, it remains above pre-2021 levels, according to OPTIS Partners.
Marsh McLennan to Acquire McGriff for $7.75 Billion
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.
Sentry Acquires The General for $1.7 Billion
The transaction is expected to close by the end of the year pending regulatory approvals.
M&A Dealmaking Approaching ‘Normal’ Levels
The first half of 2024 saw 300 announced insurance agency mergers and acquisitions, the lowest first-half total in four years, according to OPTIS Partners.
