IAN Factsheets ← back
- Property & Casualty
- Published 24 Feb 2026
2025 APAC insurance M&A by the numbers
Asia Pacific insurance M&A activity surged in 2025, defying the cautious climate of the previous year and signalling a renewed strategic vigour across the region.
The market was overwhelmingly driven by relentless consolidation among brokers, MGAs, and adjusters, complemented by several blockbuster cross-border investments by insurers seeking scale and specialty capabilities.
While geopolitical and regulatory factors persisted, capital availability from global strategics, private equity, and reinsurers proved abundant, fueling domestic roll-ups and ambitious international moves.
-
Peak Re’s GWP grew 11.8% to US$1.2bn in H1 FY26
- August 28
Reinsurer's revenue also increased year on year by 25% to US$825.7m, according to a stock exchange filing by parent company Fosun International.
-
GIC Re’s FY26 underwriting loss narrows to US$224m, COR improves to 104.66%
- May 26
Carrier’s net profit for the financial year rose by 30% to top US$1bn, with GWP up at US$4.6bn.
-
South Korea’s deposit insurance corporation launches re-bidding for Yebyeol Non-Life
- May 12
Only Korea Investment Holdings previously submitted a bid for the bridge insurer of troubled carrier MG Non-Life Insurance.
-
Berkley Re APAC hires Allianz Re’s Kenrick Law as head of underwriting
- April 14
Most recently regional CEO and head of P&C client management at Allianz Re, Singapore-based Law will also be branch manager at Berkley Re APAC.