The insurance deals market has been very active in 2024, primarily due to ongoing demand for insurance brokerages and managing general agencies (MGAs) as well as life and annuity (L&A) assets. There also has been a reemergence of property and casualty (P&C) carrier deal activity, which had been quiet in recent years relative to L&A.

For the six-month period from May to mid-November 2024, the number of announced transactions in the insurance sector more than doubled. There were 307 announced transactions with an announced deal value of more than $20 billion, compared to 145 transactions announced from November 2023 to April 2024.