Economic uncertainty, driven largely by President Trump’s tariffs, is likely behind the drop. (Credit: Suriya/Adobe Stock)

Insurance broker M&A deals hit a four-year low in the first quarter of 2025, according to a new report from S&P Global.

The first quarter saw just 101 deals, less than any quarter since 2021. That’s also down from the 125 deals logged in the first quarter of 2024, the previous low.

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Corey Dahl

Corey Dahl is assistant editor with PropertyCasualty360.com. Reach her at [email protected].