Insurance Business UK

Insurance M&A deals expected to surge in 2021

The COVID-19 pandemic failed to put a huge dent in insurance M&A activity for 2020, with more deals expected to come in 2021, according to a report by global law firm Clyde & Co.

The report, titled Finding Opportunity in Adversity, tallied a total of 407 completed M&A transactions in the global insurance sector for 2020, only slightly less than the 419 recorded for 2019. An expected slowdown in deals in the second half of the year due to the pandemic did not materialise.