The UK picture contrasts with the US, where insurance brokerage M&A remains significantly more active. MarshBerry figures showed 127 announced US broker deals in Q1 2025, up 11.4% on the same period a year earlier, and 395 transactions in the seven months to July 31, 2025. Another data set from Optis Partners recorded 520 insurance agency M&A deals across the US and Canada in the first three quarters of 2025, indicating a still-elevated level of consolidation in North America even as growth moderates.
