Total insurance industry M&A deals in March 2019 worth $317.17m were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 396.2% over the previous month and a drop of 94.6% when compared with the last 12-month average, which stood at $5.92bn.
Comparing deals value in different regions of the globe, South and Central America held the top position, with total announced deals in the period worth $214m. At the country level, Chile topped the list in terms of deal value at $214m.
In terms of volumes, North America emerged as the top region for insurance industry M&A deals globally, followed by Europe and then Asia-Pacific.
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By GlobalDataThe top country in terms of M&A deals activity in March 2019 was the US with 37 deals, followed by the UK with seven and The Netherlands with two.
In 2019, as of the end of March 2019, insurance M&A deals worth $2.19bn were announced globally, marking a decrease of 94.6% year on year.
Insurance industry M&A deals in March 2019: Top deals
The top five insurance industry M&A deals accounted for 100% of the overall value during March 2019.
The combined value of the top five insurance industry M&A deals stood at $317.17m, against the overall value of $317.17m recorded for the month. The top announced insurance industry M&A deal tracked by GlobalData in March 2019 was Bicecorp and Sociedad Inversiones Bice Chileconsult’s $214m asset transaction with SURA Seguros de Rentas Vitalicias.
In second place was the $41.5m acquisition of DCP Holding and The Dental Care Plus Group by Dentaquest and in third place was SBI Insurance Group’s $33.26m acquisition of Japan Animal-Club.
The $28.31m acquisition of Resilium by Adrian Kitchin and Alpha Growth’s acquisition of Colva Insurance Services for $0.09m held fourth and fifth positions, respectively.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.
