Private equity firms are preparing for a busy year of asset sales in 2026, though Warburg Pincus’ Andrew Sibbald warned of a potential widening gap between buyer and seller price expectations. Market volatility and elevated interest rates have created uncertainty around valuations, complicating exit strategies for firms sitting on mature assets. Meanwhile, Inflexion has entered the insurance sector with the launch of a new broking platform, backed by a cornerstone investment in Ascend Broking Group.

The move signals growing private equity interest in insurance, a segment seen as offering stable cash flows and consolidation opportunities. Insurance broking has attracted several private equity players in recent years due to its recurring revenue models and fragmented market structure. Sibbald’s comments reflect broader industry concerns about pricing discipline amid economic headwinds.

While dry powder levels remain high, many general partners are holding back on marketing assets until market clarity returns. The first half of 2026 could be critical in setting the tone for deal activity.