A group of four business people shake hands across a table. According to the report, the largest of the mega-deals in the first half of 2022 was Berkshire Hathaway’s announced $11.6 billion acquisition of Alleghany Corporation. (Credit: Blue Planet Studio/stock.adobe.com)

2021 was an active year for dealmaking in the insurance industry, but due to factors like geopolitical instability and rising interest rates and inflation, deals slowed down toward the end of the year. This cooler trend continued through the first half of 2022, according to PwC’s “Insurance: Deals 2022 midyear outlook report.”

In the six-month period from mid-November 2021 to mid-May 2022, there were 343 announced transactions with $15.4 million in announced deal value, along with two mega-deals. According to the report, the largest of these mega-deals was Berkshire Hathaway’s announced $11.6 billion acquisition of Alleghany Corporation.

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Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].

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