The report, Gallagher Specialty’s Global M&A Insurance Report, described the first half of 2024 as “challenging” across various regions. However, the company said deal activity grew gradually in the latter half as sale preparations increased and vendors became more engaged in the due diligence process. This increase in activity in the second half could have been driven by pent-up demand, particularly in the private equity space, along with corporations turning to M&A to accelerate their growth objectives.