In the North American life insurance industry, there were 5 M&A deals announced in Q3 2023, worth a total value of $95.3m, according to GlobalData’s Deals Database. The $95.3m majority acquisition of Insignia Life by Mapfre was the industry’s largest disclosed deal. GlobalData’s Insurance Industry Mergers and Acquisitions Deals by Top Themes in Q3 2023 report helps understand the transformative themes fueling M&A activity in the insurance industry. Buy the report here.
In value terms, M&A activity in North America decreased by 98% in Q3 2023 compared with the previous quarter’s total of $4.3bn and fell by 75% as compared to Q3 2022. Related deal volume decreased by 17% in Q3 2023 versus the previous quarter and was 29% lower than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in North America in Q3 2023 were Barclays; Citigroup; Ernst & Young Global with 3, 2, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in North America Q3 2023 were Debevoise & Plimpton; Faegre Drinker Biddle & Reath; Morgan, Lewis & Bockius with 3, 3, 2 deals respectively.
For further understanding of GlobalData's Insurance Industry Mergers And Acquisitions Deals By Top Themes In Q3 2023 – Thematic Intelligence, buy the report here.