Analysis of the key themes driving M&A activity reveals that digitalization accounted for 6 life insurance deals announced in Q4 2023, worth a total value of $206.5m. The $206.5m acquisition of Vericity by iA American was the industry’s largest disclosed deal. GlobalData’s Insurance Industry Mergers and Acquisitions Deals by Top Themes in 2023 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 remained flat in Q4 2023 compared with the previous quarter and as compared to Q4 2022. Related deal volume increased by 200% in Q4 2023 versus the previous quarter and was 50% higher than in Q4 2022.
The top-ranked financial advisors supporting these M&A deals in Q4 2023 were Barclays; Citigroup; Lazard with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q4 2023 were Faegre Drinker Biddle & Reath; Latham & Watkins; Osborne Clarke with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Insurance Industry Mergers And Acquisitions Deals By Top Themes In 2023 – 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.
