Total non-life insurance industry deals for October 2019 worth $4.32bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 8915.6% over the previous month and a rise of 360.9% when compared with the last 12-month average of $936.87m.
In terms of number of deals, the sector saw a rise of 91.7% over the last 12-month average with 23 deals against the average of 12 deals.
In value terms, North America led the activity with deals worth $3.95bn.
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By GlobalDataNon-life insurance industry deals in October 2019: Top deals
The top five non-life insurance deals accounted for 90.7% of the overall value during October 2019.
The combined value of the top five non-life insurance deals stood at $3.92bn, against the overall value of $4.32bn recorded for the month.
The top five non-life insurance industry deals of October 2019 tracked by GlobalData were:
1) HCC Insurance(Inactive)’s $3.1bn acquisition of Privilege Underwriters
2) The $500m private equity deal with Constellation Insurance Holdings by Caisse de depot et placement du Quebec and Ontario Teachers’ Pension Plan
3) American Express Ventures, Group 11, Munich Re Group and Zeev Ventures’ $250m venture financing of Next Insurance
4) The $45.1m acquisition of Westminster American Insurance by NI
5) AXA Venture Partners, IAC (InterActiveCorp), Open Ocean Capital and Slow Ventures’ venture financing of Verifly Insurance Services for $22m.
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.
