In the US life insurance industry, there were 17 M&A deals announced in Q2 2023, worth a total value of $4.3bn, according to GlobalData’s Deals Database. The $4.3bn acquisition of american equity investment life holding by brookfield reinsurance was the industry’s largest disclosed deal. GlobalData’s Insurance Industry Mergers and Acquisitions Deals report offers insights into the global M&A activities within the insurance sector in 2022, along with an understanding of the key themes driving notable deals. Buy the report here.
In value terms, M&A activity in The US increased by 5633% in Q2 2023 compared with the previous quarter’s total of $75m and rose by 386% as compared to Q2 2022. Related deal volume decreased by 39% in Q2 2023 versus the previous quarter and was 19% lower than in Q2 2022.
The top-ranked legal advisorss supporting these M&A deals in The US Q2 2023 were Faegre Drinker Biddle & Reath; Debevoise & Plimpton; Giordano, Halleran & Ciesla with 3, 2, 2 deals respectively.
For further understanding of GlobalData's Insurance Industry Mergers and Acquisitions Deals by Top Themes in 2022 – Thematic Intelligence, buy the report here.