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Insurance M&A deal value quadruples in 2025

Mergers and acquisitions

UK insurance M&A deal value more than quadrupled from £4.6bn in 2024 to £19.8bn in 2025, according to data from EY.

The growth in the size of deals was driven by seven transactions of more than £1bn and came despite a drop in the number of takeovers between January and the end of December 2025 – falling to 145 from

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