In the European life insurance industry, there were 6 M&A deals announced in Q3 2023, worth a total value of $637m, according to GlobalData’s Deals Database. The $562.8m acquisition of AIG Life by Aviva was the industry’s largest disclosed deal. GlobalData’s Insurance Industry Mergers and Acquisitions Deals by Top Themes in Q3 2023 report helps understand the transformative themes fueling M&A activity in the insurance industry. Buy the report here.

In value terms, M&A activity in Europe increased by 5537% in Q3 2023 compared with the previous quarter’s total of $11.3m and fell by 38% as compared to Q3 2022. Related deal volume remained flat in Q3 2023 versus the previous quarter and was 50% lower than in Q3 2022.

The top-ranked financial advisors supporting these M&A deals in Europe in Q3 2023 were Clairfield International; BNP Paribas; Evercore with 2, 1, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Europe Q3 2023 were CMS Legal Services EEIG; Burness; Macfarlanes with 3, 1, 1 deals respectively.

For further understanding of GlobalData's Insurance Industry Mergers And Acquisitions Deals By Top Themes In Q3 2023 – Thematic Intelligence, buy the report here.

This content was updated on 23 October 2020

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.