Notable Deals in Insurance and Private Equity

This document is a report detailing notable deals in the insurance sector and private equity, focusing on trends and strategies for success in 2024. It outlines significant transactions across five segments: brokerage, managing general agents (MGAs), claims management, fronting, and property catastrophe underwriting. The report presents key trends in the insurance brokerage market, highlighting substantial investments by firms such as Leonard Green & Partners and KKR & Co. Inc. It discusses the appeal of MGAs as investments due to their growth potential and low infrastructure costs. The report also addresses the increasing competition in claims services and fronting markets, emphasizing the need for operational efficiency and governance. Furthermore, it notes the return of institutional money in property catastrophe underwriting as insurers manage volatility. The document concludes with insights on how market participants can drive profitable growth in the upcoming year.