Mergers & acquisitions (M&A)

Insurance M&A volume soars but deal value falls

Data analysis: The number of UK insurance merger and acquisition deals rose from 48 in the first half of 2022 to 54 at the start of 2023 but the total publicly disclosed deal value fell from £3.8bn to £16m year-on-year.

Insurance M&A activity continues to slow down

Lack of demand for insurtech businesses plus concerns about a target company’s data security resulted in less merger and acquisition activity in the UK in the first half of 2023, according to Clyde & Co.

Ardonagh’s Joe Conway on playing the M&A long game

Joe Conway, head of M&A for Ardonagh Advisory, believes that building trust is the key, and that part of this can mean turning away a potential acquisition and introducing them to another buyer if this is the right thing to do for the broker.

Howden snaps up Reich

Howden has bought Reich Insurance Group, for an undisclosed sum, in a “significant step” to increase its footprint across north west England.

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