Outlook for 2024 – the year has got off to a less frenetic start than in 2023, but insurers are reporting record pipelines, with 20 or m£1bn+ transactions in the market or expected to be shortly. Total activity will depend on how many of these proceed this year – particularly the larger £5bn+ transactions – in the light of an expanding range of endgame options, run-on strategies and greater emphasis on preparation.