Industry Transactions

Industry Transaction Details (as of February 28, 2025)

Who’s Buying
Insurance Brokerage785
Insurance Carrier and Other18
Banks and Thrifts7
What’s Being Bought
Full Service171
P&C476
Employee Benefits164
Retail vs. Specialty
Retail699
Specialty112

All transactions listed are announced deals involving public companies, private equity backed brokers, private companies, banks, InsurTech companies (2017-2018 only) as well as others including private equity groups, underwriters, specialty lenders, etc. All targets are U.S. only. This data displays a snapshot at a particular point in time and has not been updated to reflect subsequent changes in prior years, if any. MarshBerry estimates that only 50 – 60% of all transactions are actually made public. Past performance is not necessarily indicative of future results. Data reported YTD as of 2/28/2025

Source: S&P Global Market Intelligence, Insurance Journal, and other publicly available sources

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