Total insurance industry deals for September 2020 worth $12.84bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 750.2% over the previous month and a rise of 52.7% when compared with the last 12-month average of $8.41bn.
In terms of number of deals, the sector saw a rise of 4.3% over the last 12-month average with 98 deals against the average of 94 deals.
In value terms, North America led the activity with deals worth $7.31bn.
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By GlobalDataInsurance industry deals in September 2020: Top deals
The top five insurance deals accounted for 79.1% of the overall value during September 2020.
The combined value of the top five insurance deals stood at $10.16bn, against the overall value of $12.84bn recorded for the month.
The top five insurance industry deals of September 2020 tracked by GlobalData were:
1) Empower Retirement’s $3.35bn asset transaction with Massachusetts Mutual Life Insurance
2) The $2.66bn private equity deal with Rothesay Life by GIC and Massachusetts Mutual Life Insurance
3) Singapore Life, Sumitomo Life Insurance and TPG Capital’s $1.97bn private equity deal with Aviva
4) The $1.68bn acquisition of Versant Health by MetLife
5) Bessemer Venture Partners, Greenspring Associates, New Enterprise Associates, The Blackstone Group, Tiger Global Management and T Rowe Price Associates’ private equity deal with Bright Health for $500m.
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.
