Mergers and acquisitions in the insurance brokerage sector increased modestly to 754 transactions announced in 2020, compared to 744 in 2019, according to a report on Wednesday from S&P Inc.
Meanwhile, M&A activity in the insurance sector decreased to 151 transactions announced in 2020 , a decrease from 165 in 2019, said S&P.
Business security operations decreased during the last three months of 2020 to 40 transactions compared to 46 during the third quarter of 2020 and 47 during the fourth quarter of 2019. The fourth quarter's M&A activity in the real estate and accident sector increased to 22 offers from 19 during the fourth quarter 2019
In a separate report, analyst MarshBerry said there were 676 M&A transactions in US brokerage, an increase of 4.3% compared to 201
Private equity assisted buyers completed 462, or 68.3%, of all announced transactions, MarshBerry said. Independent companies accounted for 90 of 676 offers, 13.3%. The composition of the seller's industry remained "consistent" in 2020 with 50.3% focused on property / accident, 32.5% multi-line and 17.2% in employee benefits / consulting space.
Acrisure LLC, BroadStreet Partners Inc. and World Insurance Associates LLC were the three most active buyers in 2020 based on the reported number of transactions and completed a total of 25.4% of the 676 offers announced so far this year. The 10 most active buyers completed 328 of the total of 676 announced transactions, 48.5% of the total. Catalog