The two-week period from January 12–25, 2026 captured seven discrete insurance and InsurTech M&A transactions, spanning embedded distribution technology, regional brokerage consolidation, wholesale specialty platforms, and reinsurance infrastructure. Despite a 12% decline in overall 2025 insurance agency M&A volume—695 deals versus 787 in 2024—strategic acquirers sustained momentum in early 2026, targeting proven platforms with recurring revenue, specialty expertise, and geographic expansion opportunities.
Capital returned to insurance and insurtech decisively in early January. Over $2.5B of disclosed equity, credit, and fundraises flowed into the sector, spanning full-stack carriers, distribution insurgents, risk intelligence, benefits orchestration, and private credit-backed scale plays.

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The last two weeks of January made one thing clear: insurance isn’t being “disrupted” anymore—it’s being rewired. Capital flowed decisively toward AI-native platforms, vertical specialists, and embedded distribution models, while full-stack replacement narratives continued to lose oxygen. From Gyde and Indigo redefining brokerage and underwriting economics, to Zurich backing embedded auto insurance via TrueCar, the signal is consistent: advantage now comes from infrastructure, not ambition.