Insurance M&A: Big Deals in Europe and Continued Activity in the Americas
Insurance M&A is accelerating after years of decline; 2025 deal value hit $104B, with European carriers leading cross-border and domestic consolidation to address cost pressures and scale imperatives.
Summary
Insurance dealmaking is rebounding with average deal size growing to $1.1B (vs $700M prior). US-led deal volume declined as large brokers digest prior acquisitions. European life insurance and P&C carriers are increasing domestic and cross-border acquisitions to address mounting costs, regulatory requirements, and scale imperatives. Insurers pairing rigorous execution with AI deployment are positioned to convert deals into durable advantage
Editor's opinion
Insurance M&A is accelerating after years of decline; 2025 deal value hit $104B, with European carriers leading cross-border and domestic consolidation to address cost pressures and scale
Key concepts
M&A · Corporate Strategy & Portfolio · Geopolitical & Regulatory Strategy · AI & Industry Transformation