Private-party transactions accounted for 17% of all deals.(Credit: Maks_Lab/Adobe Stock)

Insurance mergers and acquisitions were down 10% in the first three quarters of 2024, though deal making has increased in recent months. 

Data compiled by OPTIS Partners showed 535 announced deals in the first three quarters of 2024, down from 594 deals during the same period in 2023. The three-quarter total is 13% below the previous five-year average.

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