Mergers and acquisitions among insurance brokerages have reached a record high with 328 deals in the first half of 2019. This marks the second highest six-month total in history, trailing only the first half of 2017 when 333 transactions were reported, according to new data from investment banking and financial consulting firm Optis Partners. A total of 665 transactions have closed in the past 12 months alone.
Last year, brokerage M&A hit an all time high, with 626 deals, surpassing 2017’s high of 611. The industry may be on track for another record high this year and Tim Cunningham, managing director of Optis, says he doesn’t predict a slowdown any time soon.
