In October 2026, Arthur J. Gallagher & Co. announced its acquisition of Intelligent Communications Experiences, an Australian employee-communications specialist. The purchase adds a capability that benefits buyers should examine alongside technical advice: how an employer explains decisions and helps employees act on them. The Melbourne-based business will sit under the leadership of Gallagher’s employee benefits and HR consulting operations in Australia and New Zealand. Financial terms were not disclosed.

In October 2026, Prudential Financial agreed to sell its Brazilian and Mexican insurance businesses to CNP Assurances for US$4.025 billion in cash, subject to adjustments. The 20 October announcement expects completion in the second half of 2027, with regulatory approvals and other conditions still required. Identify the actual benefits exposure Employers should first establish whether an entity within the transaction perimeter supports an existing arrangement. The relevant contracting insurer

In October 2026, XN Global Health Insurance announced the acquisition of the international private medical insurance portfolios of Morgan Price International Healthcare Ltd and Morgan Price (Europe) APS. The announcement, circulated on 19 October, says Morgan Price and its existing team will continue servicing the business under a long-term agreement. For international benefits buyers, the immediate issue is how continuity will be maintained and evidenced through the next policy

In October 2026, IMG announced in release that it had completed its acquisition of World Nomads, following the initial announcement in February. World Nomads serves travellers from more than 100 countries, and IMG describes the purchase as an expansion of international travel insurance distribution. Completion is a concrete transaction milestone. The release’s statements about an enhanced customer experience remain prospective. For global mobility professionals, the relevant assessment concerns policy

In October 2026, Marsh announced that it had completed the acquisition of Iowa-based Accel Holdings. Accel will operate within Marsh Agency, bringing employee benefits, retirement and wealth advice alongside its other insurance capabilities. Its colleagues have joined the business and will continue working from their existing locations. Financial terms were not disclosed. The completion establishes the ownership change; it does not demonstrate that integration has already improved outcomes for

In September 2026, Fortitude Re announced that a new Fortitude Life entity had acquired substantially all the assets of Dayforward. The stated perimeter includes technology, intellectual property, distribution agreements and staff. It excludes Dayforward’s insurance entities and their legacy policy liabilities. Fortitude Re is known for reinsurance and life and annuity transactions, but the new deal is a distribution and technology move. The commercial case may depend on customer

In September 2026, Aon reported GBP 10.2 billion of UK bulk annuity transactions completed during the first half of the year, bringing smaller pension schemes into focus in an active risk transfer market. The figures concern January to June transactions, rather than deals completed when the analysis was published. For multinational employers with legacy UK defined benefit obligations, the practical question is whether their scheme can execute a suitable

Taboola’s proposed September 2026 acquisition of UK financial-advertising specialist Dianomi for up to £27 million underscores that audience quality and editorial context can outweigh raw traffic volume in an AI-disrupted media landscape. The initial offer of £19 million represented a 68% premium to Dianomi’s closing share price, reflecting the strategic value of Dianomi’s relationships with publishers such as The Wall Street Journal, CNN Business and Reuters, and financial advertisers

Aon in August 2026 confoirmed it had agreed to acquire USI Insurance Services from KKR and other shareholders in a $17 billion deal, marking its second major middle-market push in two years following the 2023 NFP acquisition. On a net basis, accounting for roughly $278 million in tax attributes, the price comes to $16.7 billion, or about 14.5 times USI’s synergized trailing-twelve-month adjusted EBITDA. USI, the tenth-largest US insurance

Generali Group and Swiss Life Global Solutions in February 2026 announced they had entered into a long-term commercial partnership under which Generali Employee Benefits (GEB) will acquire Swiss Life Network, subject to regulatory approvals. The transaction will combine the two groups’ global employee benefits networks, creating the largest platform worldwide in terms of geographical reach and premium volume. Once completed, the combined network will manage more than €3 billion

Utmost Group in December 2025 announced it had agreed to sell its bulk purchase annuity (BPA) business, Utmost Life and Pensions (ULP), to JAB Insurance for an undisclosed sum, subject to regulatory approval. Completion is expected by mid-2026. JAB will acquire the entire business, which holds more than £5bn in assets and employs around 175 people. ULP entered the BPA market in late 2024 and has completed 11 buy-in

Luxembourg’s leading insurer Foyer in July 2023 announced the completion of the acquisition of iPMI carrier Globality from ERGO Group, after receiving approval from the regulator, Commissariat aux Assurances. The new company includes Foyer Global Health, the international health insurance and services provider for globally mobile people within Foyer Group, and Globality Health, previously part of ERGO Group, which in turn is owned by Munich Re. Foyer Global Health

Foyer, Luxembourg’s leading privately owned financial group, in March 2023 acquired Globality Health from ERGO Reiseversicherung (Ergo Travel Insurance), part of ERGO Group. ERGO is the retail division of Munich Re. Leadership in international health insurance With this acquisition, Foyer is investing in a high-potential business sector and strengthening its position in international health insurance for expatriates, an activity it has developed since 2014 through Foyer Global Health. Globality’s

Based in Lyon, France, wholesale broker April in November 2022 was acquired by U.S. venture capital firm Kohlberg Kravis Roberts (KKR). Previously owned by CVC Capital Partners, another venture capital firm which had acquired April from its founder Bruno Rousset in 2019, the company changed hands for a reported EUR 2.3bn. Present in 18 countries with 2 300 employees, the company in 2021 earned EUR 544 million in fees

Zurich Insurance in January 2022 announced the sale of an Italian life and pension portfolio to Portuguese carrier GamaLife – Companhia de Seguros de Vida. The stated purpose is to reduce Zurich’s solvency requirements and free up capital. The amount of the transaction has not been disclosed, but the press release states that the Solvency Capital Requirement under Swiss solvency rules will “decrease by approximately $1.2 billion.” and that

Coming shortly after the announcement of their merger, the new Diot-Siaci group, which is now the leading broker on the French market, in November 2022 finalized the make-up of its future executive committee. This new management body will include eleven members, coming from both Diot and Siaci. At the top of the group, Pierre Donnersberg, Chairman of Diot-Siaci, and Christian Burrus, Vice-Chairman and General Manager. Changes affecting international benefits,

Recently formed French mutual insurance carrier Aéma in October 2021 announced it has completed the acquisition of Aviva’s French operations. As a result, the company now ranks #5 among French insurance carriers. British seller Aviva plc received EUR 3.2 billion in cash for the sale of Aviva France, including its life, non-life, and asset management businesses. Aéma Groupe was launched in January 2021 by mutuals Macif and Aésio Mutuelle,

Global brokers Aon and Willis Towers Watson (WTW) in July 2021 announced they had mutually agreed to terminate their combination agreement after the U.S. Department of Justice (DOJ) filed an antitrust lawsuit against the $30bn deal. Aon also announced the extension of employment agreements for CEO Greg Case and CFO Christa Davies to April 1st, 2026, in a move to reassure financial markets. The merger was announced in early

U.S. direct health insurer Oscar in June 2020 raised another USD 225 million in a late-stage round of funding. Led by co-founder and CEO Mario Schlosser, Oscar now is active in 15 U.S. states and has more than 420,000 members in individual, Medicare Advantage and small group products. Certainly helped by the coronavirus crisis, most U.S. healthcare providers today offer virtual consultations and ever more patients make use of

AXA in April 2020 struck a deal to sell its Life & Savings, Property & Casualty, and Pension business operations in Poland, the Czech Republic, and Slovakia to Austria’s Uniqa Insurance Group for €1bn. Uniqa, which lacked critical mass in major eastern European markets, outbid Generali, and Austria-based AG. Uniqa has core markets in Austria, Central and Eastern Europe, and 20,000 employees serving 10.1 million customers in 18 different

New York Life Insurance and Cigna in December 2019 reached a deal for New York Life to acquire Cigna’s group life and disability insurance business for US$6.3 billion. The acquisition is expected to close in the third quarter of 2020, subject to applicable regulatory approvals and other customary closing conditions. The group life and disability insurance business will operate within New York Life’s portfolio of strategic businesses and support

Aon in January 2020 announced the completion of its acquisition of SMB insurtech broker CoverWallet. Aon aims to increase its presence in the rapidly growing commercial insurance market for smaller businesses. The acquisition will allow Aon to utilise CoverWallet’s technology and data & analytics capabilities. CoverWallet joins the portfolio of Aon’s New Ventures Group, which functions as a growth-stage capability focused on delivering new sources of value to clients

One year after having announced, then cancelled plans to merge with Willis Towers Watson (WTW), Aon in March 2020 announced an agreement to acquire WTW in what will be the industry’s largest ever merger. The purchase price is $30bn, paid in Aon shares, and the combined firm is valued at around $80b. Regulatory requirements may make a comprehensive takeover of WTW by Aon difficult, given that Aon and WTW

Bermuda-based Athora Holding in June 2019 announced plans to acquire Netherlands-based Vivat from Anbang Group Holdings along with NN Group of The Netherlands. NN will become the new owner of Vivat Schadeverzekeringen (Vivat Non-Life). Athora will retain Vivat’s life and asset management businesses. The acquisition in the Netherlands comes soon after Athora’s January 2019 acquisition of Generali’s operations in Belgium. It is in line with the company’s external growth

Swiss insurer Baloise in April 2019 said it is acquiring the Belgian insurer Fidea for 480 million euros ($543 million) from China’s state-controlled Anbang Insurance Group to boost its position in the Belgian non-life and life insurance market. The acquisition of Antwerp-based Fidea means that Baloise will employ around 1,600 employees in Belgium. Baloise said the deal will increase its share of the non-life business in Belgium by 1.7

Luxembourg-based captive manager Sogecore in April 2019 acquired Abacus Risk Management Services in Malta. Abacus manages and operates captives and insurance carriers on behalf of their owners; it also offers Protected Cell Company (PCC) services. What is a PCC? A PCC is essentially a slice of a single insurance or reinsurance carrier that operates separately from other such slices in the same carrier. The carrier’s license and support functions

Munich Re-owned ERGO Group, which includes ERGO Deutschland, ERGO International, and ERGO Digital Ventures, in March 2019 sold four ERGO International subsidiaries to the Euroins Insurance Group (EIG) for an undisclosed amount. The sale involves ERGO’s life and non-life subsidiaries in Romania and the Czech Republic as well as its non-life company in Belarus. In 2017 they had a combined gross written premium of €72 million. The purchase agreement