"The decline is not surprising because the fourth quarter of 2021 was frenetic, with 384 deals. Deal-makers usually take a short-lived breather after busy year-end activities, and seller inventory is shrinking," Steve Germundson, a partner at OPTIS Partners, said in a release. (Credit: wan wei/Shutterstock)
During 2022's first quarter, mergers and acquisitions slowed for property & casualty insurance agencies in North America as M&A activity declined 14%, according to OPTIS Partners, an investment banking and financial consulting firm specializing in the insurance industry.
The data, which also includes deals involving benefits brokers, shows that just 149 deals were announced in the first three months of 2022. While the first quarter typically sees fewer deals, OPTIS noted Q1 2022 saw the lowest deal volume of any first quarter since 2016 and was 7% below the five-year average.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
