The first half of 2024 saw a notable decline in insurance agency mergers and acquisitions (M&A), with only 300 deals announced. This represents a 20% decrease from the 385 transactions recorded during the same period in 2023, based on OPTIS Partners’ M&A database.
Tag: insurance mergers
E-Commerce InsurTech Pioneer Setoo to Merge with Pattern Insurance Services, Creating an Embedded Insurance Global Leader
Embedded insurance pioneer Setoo announced it is entering into a merger agreement with Pattern, an insurtech startup that is coming out of stealth mode. The joint company will operate across Europe and the U.S. under the name of Pattern. Pattern will help businesses generate new revenue streams and increase customer satisfaction through tailored insurance products,… Continue reading E-Commerce InsurTech Pioneer Setoo to Merge with Pattern Insurance Services, Creating an Embedded Insurance Global Leader
Ryan Specialty Group and All Risks Finalize Merger
Ryan Specialty Group, LLC (RSG) and All Risks, Ltd. (All Risks) are pleased to announce the completion of the transaction to merge the two firms into Ryan Specialty Group. RSG is an insurance specialist providing services in wholesale brokerage and delegated underwriting authority in the form of binding authorities, programs and managing general underwriting companies.… Continue reading Ryan Specialty Group and All Risks Finalize Merger