M&A Year in Review 2023 brochure - Flipbook - Page 30
30
Insurance
Sector performance
Despite macroeconomic concerns and geopolitical
risks, 2023 insurance M&A activity remained stable.
Insurance carriers pursued strategic transactions,
including acquisitions of new technologies to create
efficiencies and divestitures of non-core assets to focus
on key offerings and markets. The life and annuities
sector saw an influx of capital from alternative
financial providers, including asset managers and
private equity funds.
Specialty and small commercial lines continued to shift
from in-house underwriting to specialized managing
general agents and managing general underwriters,
which drove private equity-backed consolidators to
target these companies.
Hogan Lovells activities
In 2023, our Insurance team advised clients on some
of the sector’s most significant transactions, with a
particular focus on transatlantic M&A.
We hosted client events, including our annual M&A
Insurance webinar where we highlighted emerging
trends in the sector. We released market-leading
thought leadership, including our annual Insurance
Horizons publication, focused on ESG, AI, and privacy
and cybersecurity. We also launched our Solvency II
Divergence Hub to help clients monitor the proposed
changes to Solvency UK and Solvency II.
