In the British life insurance industry, there were 3 M&A deals announced in Q3 2023, worth a total value of $618.4m, according to GlobalData’s Deals Database. The $562.8m acquisition of AIG Life by Aviva 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 the UK increased by 5373% in Q3 2023 compared with the previous quarter’s total of $11.3m and rose by 89% as compared to Q3 2022. Related deal volume remained flat in Q3 2023 versus the previous quarter.
The top-ranked legal advisorss supporting these M&A deals in the UK Q3 2023 were CMS Legal Services EEIG; Burness; Macfarlanes with 2, 1, 1 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.