M&A activity across Australia and New Zealand’s insurance sector has clearly shifted up a gear over the past year, with a cluster of deals of different sizes across the market. In August 2025, Steadfast’s Community Broker Network (CBN) extended into New Zealand by acquiring Folio’s broking network business and rebadging it as CBN NZ. In October 2025, Howden bought Auckland‑based Omni Insurance Brokers while 360 Underwriting Solutions completed its acquisition of a majority stake in Crop Risk Underwriting. In June 2025, United Risk completed its acquisition of Sydney‑headquartered facultative reinsurance MGA Pinnacle Underwriting (and its affiliate) and in April last year Envest, part of The Ardonagh Group, finalised the purchase of a significant stake in New Zealand MGA Ando Insurance, which manages over NZ$500 million in GWP.