Dealmaking saw a new low in H1 2024
Insurance companies in the US and Canada slowed their pace of mergers and acquisitions this year, deterred by elevated interest rates, economic uncertainty, and sellers’ high pricing expectations. According to Clyde & Co’s mid-year insurance growth report, the first half of 2024 saw the lowest number of insurance deals (103) completed in that period since 2009.
However, there are signs that dealmaking will rebound soon. Three catalysts are expected to drive future M&A growth in insurance: climate risks, cyber