Global mergers and acquisitions (M&A) in the insurance sector have fallen to their lowest level in a decade, according to Clyde & Co. As of 30 June 2025, only 95 deals had been completed, down from 106 over the same period in 2024, and well below the ten-year average of 192.
Amid ongoing economic, geopolitical, and regulatory uncertainty, insurers have largely pulled back from deal-making in favor of preserving capital.
North America recorded the highest number of transactions (35), followed by EMEA (29), Asia-Pacific (25), Latin America (4), and other regions (2).





