The private equity market will no longer be a player in the mergers and acquisition arena, but large insurance brokerage firms are now the dominant players in this space, a report from Standard & Poor's said.
With cheap credit gone, private equity firms no longer have the muscle to leverage the deals they once did, such as USI Holdings Corp. and HUB International, which were purchased with a huge amount of debt, S&P said.
However, brokers–notably Aon and Willis–are making acquisition moves, highlighted by Aon's move to acquire reinsurance broker Benfield Group Ltd. and Willis' acquisition of Hilb, Rogal and Hobbs.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
