With the $30 billion Aon-Willis Towers Watson merger on Monday, bigger continues to be better in the insurance agent-broker M&A marketplace.
The industry has seen an uptick in consolidation over the last few years, with the latest transaction involving two of the world’s largest insurance brokerages combining to create the world’s largest commercial insurance broker. M&A activity in the space has been driven primarily by the expanded role of private-equity and other financial institution backed buyers.
