In the US life insurance industry, there were 21 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.
In value terms, M&A activity in the US remained flat in Q4 2023 compared with the previous quarter and as compared to Q4 2022. Related deal volume increased by 11% in Q4 2023 versus the previous quarter and was 25% lower than in Q4 2022.
The top-ranked financial advisors supporting these M&A deals in the US in Q4 2023 were Barclays; Citigroup; Goldman Sachs Group with 3, 3, 3 deals respectively.
The top-ranked legal advisorss supporting these M&A deals in the US 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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