The Fitzgerald-based Colony Bankcorp agreed to pay $3.5 million to purchase an agency in Monroe, Georgia. The deal signals the potential return of more banks buying insurers than selling them.

Economic conditions, hiring and the quality of startup insurtechs may also affect M&A activity in the insurance industry, according to a partner at Clyde & Co., a law firm that reports on insurance industry growth.

The Nationwide Agency Forward survey suggests mid-market business owners are concerned about economic and financial risks, regulatory changes, technological disruption and workforce shortages.

Ergo, the primary insurance business of Munich Re has announced the acquisition of Next Insurance for $2.6 billion.

The companies have held on-and-off discussions in recent months about a potential tie-up, said the people, who asked not to be identified because the information is private.

HSB, a part of Munich Re, partners with Flume; Kin expands into California, plus more insurtech news.

Chubb Ltd. agreed to acquire Liberty Mutual Holding Co.'s businesses in Thailand and Vietnam in a deal that would help it boost its presence in Southeast Asia.

Zurich expands U.S. middle market; QBE, InnSure and Salem, Massachusetts partner on flood risk pilot, plus more insurtech news.

The Hartford refreshes its brand and Bosch acquires Roadside Protect, plus more insurtech news.

Nationwide announced an agreement to acquire Allstate's employer stop loss segment for $1.25 billion.