In total, 184 insurers reported writing some cyber premiums in 2018. This was an increase of 14 insurers over 2017, including 21 new insurers writing premiums that were partially offset by mergers and acquisitions. (Credit: Shutterstock) More than 600 insurance M&A deals closed last year. (Credit: Shutterstock)

In MarshBerry's recently released M&A Trends 4Q19 report, researchers summarize the state of the U.S. merger & acquisition market analyzing the most recent data.

Not to much surprise, the insurance distribution M&A market set a new annual record in 2019 with 625 announced transactions following several years of increasing demand for deals. For context, MarshBerry reports that the total number of M&A deals of the last five years (2015-2019) has now exceeded the total of the last 10 years (2005-2014) by 116 transactions (4.6%).

Private equity-backed buyers are the largest players in M&A deals, representing 373 of the 625 (59.6%) transactions in 2019.

The top 15 buyers in 2019

The number of U.S. M&A transactions in 2019 totaled 625. Of that total, the top 15 buyers made up 60% (375) of all M&A transactions in 2019. Here are the top 15:

  1.  Acrisure, LLC — 58 transactions (9.3% of 2019 M&A total)
  2.  Hub International Limited — 45 transactions (7.2% of total)
  3.  Broadstreet Partners — 35 transactions (5.6% of total)
  4.  AssuredPartners, Inc. — 34 transactions (5.4% of total)
  5.  Arthur J. Gallagher & Co. — 27 transactions (4.3% of total)
  6.  Patriot Growth Insurance Services, LLC — 26 transactions (4.2% of total)
  7.  The Hilb Group, LLC — 25 transactions (4% of total)
  8.  Alera Group, Inc. — 24 transactions (3.8% of total)
  9.  Risk Strategies — 19 transactions (3% of total)
  10.  Brown & Brown, Inc. — 17 transactions (2.7% of total)
  11.  Integrity Marketing Group — 16 transactions (2.6% of total)
  12.  OneDigital Health and Benefits — 17 transactions (2.7% of total)
  13.  World Insurance Associates, LLC — 17 transactions (2.6% of total)
  14.  USI Holdings Corp. — 10 transactions (1.6% of total)
  15. NFP Corp. — 7 transactions (1.1% of total)

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