Brighthouse Financial re-engages in acquisition negotiations with Sixth Street after talks with Aquarian Holdings falter, highlighting trends in insurance industry ownership shifts and private equity deals.

Patient Square Capital acquires Premier Inc. for $2.6 billion to enhance healthcare technology and supply chain services, reflecting a shift towards value-based care.

Aon sells majority of NFP's wealth business to Madison Dearborn Partners for $2.7B, sharpening focus on core insurance brokerage and risk advisory services.

Private equity firm to acquire Nasdaq-listed insurance tech firm Sapiens for $2.5 billion, signaling consolidation and growth in the U.S. insurance software market.

AM Best reports a growing number of U.S. life and annuity insurers outsourcing investment management to asset managers, driven by private equity involvement and need for diversified expertise.

AM Best's report reveals a growing trend of U.S. life and annuity insurers outsourcing investment management to third-party asset managers, driven by private equity involvement and the need for diversified asset portfolios.

1823 Partners debuts as a private assets firm aiming to improve investment return control and value for life insurers amid evolving asset management models.

Winged Keel Group accelerates U.S. market expansion with BryanMark Group acquisition, strengthening its life insurance services for ultra-affluent clients through strategic private equity support.

HUB International's valuation reaches $29B following a $1.6B minority equity investment, marking the highest private insurance broker enterprise value to date. Strategic capital advances growth and M&A initiatives.

Insurance brokerage mergers and acquisitions declined in early 2025 to the lowest quarter since 2020, with private equity firms dominating deals. Despite the slowdown, large upcoming transactions signal a potential rebound in deal activity later in 2025.