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Blog: Last year reaffirmed the importance of MGAs as the market turns to 2026

 Jamie Richards, head of M&A at Ripe

The past year tested global dealmakers with persistent economic, geopolitical and regulatory uncertainty, yet 2025 ultimately proved far more resilient than many expected, writes Jamie Richards, head of M&A at Ripe, a UK digital MGA.

Total global M&A value reached close to record levels last year, driven by a wave of mega-deals even as overall transaction volumes softened.

Within insurance, M&A has remained globally robust with lower volumes in the UK on the back of a number of record-setting years. As we head into 2026, confidence is beginning to return, particularly among UK-focused buyers like ourselves who are pursuing clearly defined, product-led growth strategies rather than broad geographic expansion.

But whilst global

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