Merger and acquisition deal counts for the insurance industry jumped 20 percent through midyear, but broker deals drove the increase while carrier deal counts fell, according to a report from SNL Financial.

Year-to-date through June 20, there were 160 merger and acquisition deal announcements in the insurance industry overall, compared to 134 deals over the same period of 2013, SNL reports.

SNL said 34 insurance underwriter deals were announced year-to-date through June 20, while the insurance broker sector saw 126 deal announcements.

The 34 insurance underwriter deals announced year-to-date through June 20 have a collective deal value of $10.7 billion.

While deal volume in this sector is down significantly so far in 2014 compared to the year-ago period, which saw 46 insurance underwriter deals, aggregate deal value is up roughly 140 percent year-over-year through June 20.

The property/casualty sector saw a total of 20 deals in 2014 through June 20.

The managed care and life and health sectors have seen six and eight deals, respectively, announced so far in 2014.