Q2 2026 M&A Trends: Insurance Brokerage Market Update – Canada

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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.

A more hawkish interest-rate outlook, slower organic growth, and heightened macro uncertainty are making buyers more selective – but high-quality insurance brokerages, with demonstrated growth strategies, remain among the most sought-after assets in the middle market. Explore the latest insurance brokerage M&A trends through Q2 2026, including market activity, active buyers and sellers, and notable transactions shaping the sector.

Download MarshBerry’s Q2 2026 M&A U.S. Market Update

Explore MarshBerry’s 2025 M&A Year in Review to uncover key trends, record deal activity, valuation insights, and strategic outlook shaping insurance distribution, wealth, and employee benefits markets—helping you navigate change and capitalize on

Download MarshBerry’s 2025 M&A Year in Review

First-quarter activity for Canadian insurance brokerage M&A trended modestly lower. However, early-year results rarely offer predictions into full-year direction.

Economic uncertainty, geopolitical shocks and AI disruption shaped insurance brokerage M&A in Q1 2026. Explore the latest deal volume, top buyers, valuation trends and notable transactions—and uncover why this familiar pause could be setting the stage for renewed momentum.

Download MarshBerry’s Q1 2026 M&A U.S. Retail Market Update

Deal volume held steady year over year as buyers remained active but increasingly selective, prioritizing quality, scale, and strategic fit amid ongoing macro uncertainty.

Download MarshBerry’s Q4 2025 Canadian Brokerage Market Report

The final quarter of 2025 saw wealth management dealmaking maintain its blistering pace. Private equity-backed consolidators continued to dominate, while mid-sized firms raced to secure competitive positioning in an increasingly crowded market.

Download MarshBerry’s Q4 2025 M&A U.S. Wealth Market Report

As the new year begins, the MarshBerry team takes a brief look back at 2025. The results confirm 2025 as the third most active year for M&A on record and reflects continued strength in transaction momentum across the market.

Download MarshBerry’s Q4 2025 M&A U.S. Retail Market Report

Canadian Brokerage M&A Shows Signs of Strength in Q3 2025 with deal activity accelerating during the third quarter as large consolidators and private equity investors renewed their push in a still cautious but resilient market.

Just as things were starting to look up, the U.S. government shuts down. What type of ripple effects will this pause have on the economy and insurance brokerage M&A?