Mergers and Acquisitions (M&A) for Insurers

Why consider M&A?

While each insurer has its own unique M&A goals, well-executed, strategic mergers and acquisitions can offer a broad range of benefits that help to drive growth ambitions and optimize their utilization of capital.

Pursuing M&A is not just part of a growth strategy – it is a critical tool for managing competitiveness and resilience in a rapidly-changing marketplace.

Aon supports insurers through the entirety of the M&A lifecycle to help them realize value from an M&A transaction. We achieve this through the skills and knowledge of our industry-focused practitioners, who bring deep experience in areas including investment banking, strategic consulting, actuarial, rating agency and regulatory advisory, transaction broking, and reinsurance analytics. Our proprietary technology solutions and capabilities are complemented by privileged access to extensive industry data and actionable market insights, giving our clients a unique advantage at every stage of the M&A process.

How Aon Can Help

Aon partners with a range of clients, including Property & Casualty and Life & Health insurers, MGAs, and financial sponsors, across the entire lifespan of an M&A transaction to safeguard and enhance financial performance and create value through the realization of synergies.

Aon is uniquely positioned to support the insurance sector across the M&A deal lifecycle

By bringing together the best of Aon’s M&A experts and capabilities, we ensure clients can make better decisions across every stage of the transaction lifecycle, including:

• Target identification and evaluation – leveraging our global network and relationships with a huge range of public and non-public entities to source and assess opportunities.
• Transaction advisory – Financial, capital, rating agency, and regulatory modeling and advisory.
• Valuation and accretion analysis – the focused industry knowledge and insights of our experts drive more comprehensive analyses.
• Comprehensive due diligence – spanning commercial, strategic, actuarial, financial, cyber and climate risk, human capital and cultural aspects, providing in-depth strategic assessments of targets and red-flag reviews across all functional areas to reduce deal execution risk.
• Performance benchmarking – analyzing expense, compensation, organizational design, and operating performance to identify opportunities for improvement.
• Capital raising and deal structuring – including financing, negotiation, reinsurance for legacy loss reserves, and alternative and capital markets solutions to manage risk.
• Talent Strategy – risk integration, talent and organizational design, workforce alignment, and synergy plan execution, ensuring the right talent and structures are in place for post-transaction success.

How We Work with Clients

We recognize that M&A is a multi-faceted process, and that deficiencies in any one area can lead to sub-optimal outcomes.

With this in mind, we bring to clients the combined power, resources, and data of dedicated functions within Aon’s global network to address all aspects of the M&A process, which can advise in areas such as talent requirements and talent retention, capital raising and optimization, rating agency and actuarial considerations, insurance-linked securities, and strategy crucial to any M&A deal.

Each (re)insurer client is supported by a dedicated client leader, whose role is to match a deep understanding of your organization’s unique needs with the full breadth of Aon’s capabilities.

Why Work With Us

• Streamline end-to-end access to M&A advisory and execution, tailored to the insurance industry
• Access to $350B+ of Aon’s annual insurance placement data
• Industry experience including management consulting, (re)insurance, broking, underwriting, accounting, banking and data science
• Privileged access to Aon’s global network of market practitioners, industry experts, and leadership to provide a real-time perspective on trends and best practice
• Expertise across property and casualty, and life solutions
• Create and build markets, generating new sources of value for clients