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 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.