Total insurance industry deals for July 2019 worth $4.99bn were announced globally, according to GlobalData’s deals database.

The value marked an increase of 121.01% over the previous month and a drop of 26.9% when compared with the last 12-month average of $6.83bn.

In terms of number of deals, the sector saw a rise of 28.4% over the last 12-month average with 113 deals against the average of 88 deals.

In value terms, Asia-Pacific led the activity with deals worth $3.43bn.

Insurance industry deals in July 2019: Top deals

The top five insurance deals accounted for 89% of the overall value during July 2019.

The combined value of the top five insurance deals stood at $4.44bn, against the overall value of $4.99bn recorded for the month.

The top five insurance industry deals of July 2019 tracked by GlobalData were:

1) FWD Group Financial Services’ $3.01bn acquisition of SCB Life Assurance PublicLimited

2) The $572.1m acquisition of Seguradoras Unidas by Assicurazioni Generali

3) Jade Mountain Partners’s $384.25m acquisition of White Eagle Asset Portfolio

4) The $266m acquisition of PT Asuransi Jiwa Sinarmas MSIG by Mitsui Sumitomo Insurance

5) Markel’s acquisition of The Hagerty Group for $212.5m.

Verdict deals analysis methodology

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.