Global M&A activity slips in 1H2025
Source: Asia Insurance Review | Sep 2025
A new report by Clyde & Co revealed that there was a fall in global insurance M&A deals in first half of 2025 with the APAC region being the third highest in terms of deals closed.
The first six months of the year saw 95 deals completed, compared with 106 in the same period in 2024, falling short of the 10-year H1 deal activity average of 192 deals.
Carrier caution was abounded during this period, fuelled by a combination of ongoing geopolitical uncertainty, inflationary concerns and wider economic turbulence, and stubbornly high valuations.
With reported interest from private equity bidders also falling, carriers sought to retain their war chests, instead selectively pursuing smaller bolt-on deals, share buybacks and organic investment projects instead.
The first half of the year ended with several deals being announced, including Zurich’s acquisition of AIG’s Global Personal Travel Insurance and Assistance business for $600m. The deal is expected to close in the second half of 2025. A