In the global life insurance industry, there were 40 M&A deals announced in Q2 2023, worth a total value of $8.8bn, according to GlobalData’s Deals Database. The $4.3bn acquisition of american equity investment life holding by brookfield reinsurance was the industry’s largest disclosed deal. GlobalData’s Insurance Industry Mergers and Acquisitions Deals report offers insights into the global M&A activities within the insurance sector in 2022, along with an understanding of the key themes driving notable deals. Buy the report here.

In value terms, M&A activity increased by 1485% in Q2 2023 compared with the previous quarter’s total of $555.1m and rose by 276% as compared to Q2 2022. Related deal volume decreased by 30% in Q2 2023 versus the previous quarter and was 25% lower than in Q2 2022.

Notably, foreign direct investments (fdi)-related deals accounted for a 40% share of the global life insurance industry’s M&A activity in Q2 2023, up 78% over the previous quarter.

The top-ranked financial advisors supporting these M&A deals in Q2 2023 were Barclays; Citigroup; Evercore with 3, 2, 2 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Debevoise & Plimpton; Faegre Drinker Biddle & Reath; Sidley Austin with 3, 3, 3 deals respectively.

For further understanding of GlobalData's Insurance Industry Mergers and Acquisitions Deals by Top Themes in 2022 – Thematic Intelligence, buy the report here.

This content was updated on 18 July 2023

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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.