In the North American life insurance industry, there were 31 M&A deals announced in Q2 2024, worth a total value of $4.5bn, according to GlobalData’s Deals Database. 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.
In value terms, M&A activity in North America increased by 23338% in Q2 2024 compared with the previous quarter’s total of $19.2m and rose by 4% as compared to Q2 2023. Related deal volume increased by 48% in Q2 2024 versus the previous quarter and was 82% higher than in Q2 2023.
The top-ranked financial advisors supporting these M&A deals in North America in H1 2024 were Evercore; PJT Partners; Bank of America with 2, 2, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in North America in H1 2024 were Simpson Thacher & Bartlett; Fasken Martineau DuMoulin; Giordano, Halleran & Ciesla with 2, 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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