Mergers and acquisitions of insurance agencies are still going strong — just not as strong as last year.

During the first half of 2013, the number of transactions fell slightly, with 122 reported in the United States and Canada, compared to 133 deals in the first half of last year. Those numbers come from to a semi-annual survey by OPTIS Partners, an investment banking and financial consulting firm specializing in the insurance industry.

OPTIS managing director Timothy Cunningham called it a period of "relative calm after the perfect storm" of getting deals done before the capital gains tax-hike.

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