Analysis of the key themes driving M&A activity reveals that digitalization accounted for 2 life insurance deals announced in Q2 2024, worth a total value of $4.5bn. The $3.8bn minority acquisition of Corebridge Financial by Nippon Life Insurance was the industry’s largest disclosed deal. GlobalData’s Insurance Industry Mergers and Acquisitions Deals by Top Themes in Q2 2024 report helps understand the transformative themes fueling M&A activity in the insurance industry. Buy the report here.
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In value terms, digitalization-related deal activity increased by 585% in Q2 2024 compared with the previous quarter’s total of $657.4m. Related deal volume decreased by 71% in Q2 2024 versus the previous quarter.
The top-ranked legal advisors supporting these M&A deals in H1 2024 were AZB & Partners; Cyril Amarchand Mangaldas; Gornitzky & Co with 1, 1, 1 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.
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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.
