This document provides an overview of the insurance industry for the first quarter of 2016. It discusses trends in various insurance sectors such as property & casualty, reinsurance, life & health, and managed care. For each sector, it summarizes commentary on market conditions, pricing trends, M&A activity and financial performance. It also provides a recap of notable M&A transactions in the insurance underwriter and broker spaces. Finally, it includes a table listing key financial metrics for publicly traded property & casualty companies.