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“The successful insurtechs are at a place where, for various reasons, they want to have that ‘full stack’ insurance business, rather than simply being MGAs that sell policies on behalf of other carriers,” Vikram Sidhu, Clyde & Co partner in New York, said in a release. “These companies want to grow bigger and control their destiny.” (Credit: alphaspirit/Stock.adobe.com) “The successful insurtechs are at a place where, for various reasons, they want to have that ‘full stack’ insurance business, rather than simply being MGAs that sell policies on behalf of other carriers,” Vikram Sidhu, Clyde & Co partner in New York, said in a release. “These companies want to grow bigger and control their destiny.” (Credit: alphaspirit/Stock.adobe.com)

In 2021, the volume of finalized mergers and acquisitions in the property & casualty insurance space increased 2.7%, according to Clyde & Co., which reported the year saw 418 transactions close compared with 407 the year prior.

Additionally, the number of “mega deals,” those valued at $1 billion or more, increased slightly with 25 closing in 2021 compared with 20 the previous year.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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