Clyde & Co. tracks insurance mergers and acquisitions. It said the number of mergers and acquisitions in insurance fell significantly in the first half of 2023. The number of deals worldwide hit 171.
That’s down from 207 in the second half of 2022 and 242 in the first half of 2022.
The highest percentage of deals were in the U.S. We saw 60. That’s down from 83 in the last six months of last year.
Eva-Maria Barbosa is a partner at Clyde & Co. She said things will pick up in the second half of 2023 but is not expected to return to 2022’s highs anytime soon.
“We anticipate that the volume of transactions will start to rise again towards the end of 2023 as insurance businesses acclimatize to the new operating environment, with the broker segment leading the way,” she said.
Source link: Business Insurance — https://bit.ly/3qCkW6r