The Canadian insurance brokerage merger and acquisition (M&A) market recorded 49 announced transactions through the end of September 2026, compared with 73 over the same period in 2025. While the pace moderated, the transaction count alone does not capture the scale or strategic importance of individual deals.
The Navacord-Acera merger, announced in December 2025 and completed in February 2026, brought together two leading Canadian brokerages. The combined organization represents approximately $7.2 billion in insurance and employee benefits premium and $7.5 billion in retirement assets under management, with more than 5,000 professionals across over 150 locations.
