Total non-life insurance industry deals for December 2020 worth $4.28bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 202.1% over the previous month and a rise of 301.1% when compared with the last 12-month average of $1.07bn.
In terms of number of deals, the sector saw a rise of 81.8% over the last 12-month average with 20 deals against the average of 11 deals.
In value terms, North America led the activity with deals worth $4.02bn.
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By GlobalDataNon-life insurance industry deals in December 2020: Top deals
The top five non-life insurance deals accounted for 99.9% of the overall value during December 2020.
The combined value of the top five non-life insurance deals stood at $4.28bn, against the overall value of $4.28bn recorded for the month.
The top five non-life insurance industry deals of December 2020 tracked by GlobalData were:
1) Farmers Exchanges and Farmers Group’s $3.94bn acquisition of MetLife Auto & Home Insurance Agency
2) The $202.66m acquisition of AXA Insurance AE by Assicurazioni Generali
3) Accel, Assaf Wand, EQT Ventures, Founders Fund, Orange Ventures and SpeedInvest’s $60m venture financing of Luko Cover
4) The $40m venture financing of Openly by Advance Venture Partners, Gradient Ventures, Greenlight Capital Re, Obvious Ventures and PJC.vc
5) Acrew Capital, Khosla Ventures, Lightspeed Management Company, M12, Munich Re Ventures, Qumra Capital and Shlomo Kramer’s venture financing of At-Bay for $34m.
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.
