2024 M&A Year in Review - Flipbook - Page 30
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Insurance
200+
Sector performance
The global economic environment remained challenging in 2024,
with persistently high levels of inflation and interest rates leading
to increased claims costs for insurers. Despite these pressures,
insurance M&A rebounded after a quieter 2023. Brokerages and
Managing General Agents remained particularly attractive
targets, drawing strong private equity interest across the United
Kingdom, Europe, and the United States.
While the total deal value in the insurance sector was slightly
lower than projected by year end, transaction volume grew at a
rapid pace. In the life insurance subsector, risk transfer deals for
defined benefit pension schemes continued to break records.
Hogan Lovells activities
In 2024, our Insurance team advised clients across the life and
non-life subsectors on some of the insurance industry’s most
significant transactions. We also hosted a range of client
events and webinars, including a seminar series with Marsh on
directors’ and officers’ liability risk in Europe.
We continued to lead the market with thought-leadership,
publishing our annual Insurance Horizons, which explored key
topics such as AI, digital health, funded reinsurance, ESG,
climate litigation, and sanctions. Our Solvency II Divergence
Hub became more essential than ever as the United Kingdom’s
Solvency II reforms neared full implementation.
Insurance
lawyers
Tier 1
Insurance: Corporate
& Regulatory
Legal 500 UK, 2025
