In the North American life insurance industry, there were 25 M&A deals announced in Q4 2023, worth a total value of $2.6bn, according to GlobalData’s Deals Database. The $1.9bn acquisition of National Western Life Group by S USA Life Insurance 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, M&A activity in North America increased by 2628% in Q4 2023 compared with the previous quarter’s total of $95.3m. Related deal volume increased by 14% in Q4 2023 versus the previous quarter and was 19% lower than in Q4 2022.
The top-ranked financial advisors supporting these M&A deals in North America in Q4 2023 were Barclays; Citigroup; Goldman Sachs Group with 3, 3, 3 deals respectively.
The top-ranked legal advisors supporting these M&A deals in North America Q4 2023 were Giordano, Halleran & Ciesla; Debevoise & Plimpton; Faegre Drinker Biddle & Reath with 5, 4, 3 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.
