Investments by private-equity firms in insurance underwriting companies rose in the second quarter compared with the first quarter but were significantly down from the same period last year, according to an analysis released by S&P Global.
Worldwide investments backed by private-equity and venture capital companies in the sector totaled $530 million in the second quarter, up from $270 million in the first quarter, but a 41.1% decrease from the second quarter of 2022, Business Insurance reports.
The 2022 second-quarter total was less than half the total for the first quarter of last year.
Deal numbers also dropped, with 23 deals in this year’s first half – plus one so far in the third quarter – compared with 45 deals in the first half of 2022. Read more.
