Q2 2026 M&A Trends: Insurance Brokerage Market Update – Canada
The Canadian insurance brokerage mergers and acquisitions (M&A) market continued at a slower pace through the second quarter of 2026. There were 32 transactions announced through June 30, down from 43 at the same point last year, a decline of approximately 26%. Following 99 announced transactions in 2025 and 100 in 2024, the first-half result represents a moderation in activity, but it does not necessarily signal a broad retreat by buyers. Transaction counts give the same weight to a small tuck-in acquisition and a major platform combination, meaning the headline number can understate the strategic significance of activity at the upper end of the market.