In value terms, M&A activity increased by 259% in Q2 2024 compared with the previous quarter’s total of $2.2bn and fell by 11% as compared to Q2 2023. Related deal volume increased by 7% in Q2 2024 versus the previous quarter and was 43% higher than in Q2 2023.

Notably, foreign direct investments (fdi)-related deals accounted for a 15% share of the global life insurance industry’s M&A activity in Q2 2024, up 31% over the previous quarter.

The top-ranked financial advisors supporting these M&A deals in H1 2024 were Evercore; Lazard; PJT Partners with 2, 2, 2 deals respectively.

The top-ranked legal advisors supporting these M&A deals in H1 2024 were AZB & Partners; Cyril Amarchand Mangaldas; Simpson Thacher & Bartlett with 2, 2, 2 deals respectively.

For further understanding of GlobalData's Insurance Industry Mergers And Acquisitions Deals By Top Themes In Q2 2024 – Thematic Intelligence, buy the report here.

This content was updated on 26 July 2024

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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.