Merger and acquisition activity continues in the insurance industry in 2017. (Photo: Shutterstock)

Although merger and acquisition activity slowed in 2016, that doesn’t appear to be the same picture for 2017. According to the most recent report from PwC, “US Insurance Deals Insights 1H2017,” M&A activity in the insurance sector more than tripled to $10 billion in the first half of 2017 compared to $2.9 billion the same time period last year.

The largest announced deal in the first half of 2017 came from the brokerage section with the acquisition of USI by an investor group that included private equity firm KKR and Canadian pension fund CDPQ. The price tag? $4.3 billion.

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