In the US life insurance industry, there were 6 M&A deals announced in Q1 2024, worth a total value of $18.4m, according to GlobalData’s Deals Database. The $18.4m acquisition of Consolidated National Insurance by Hagerty Insurance Agency was the industry’s largest disclosed deal. GlobalData’s Insurance Industry Mergers and Acquisitions Deals by Top Themes in Q1 2024 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 the US decreased by 99% in Q1 2024 compared with the previous quarter’s total of $2.4bn and fell by 75% as compared to Q1 2023. Related deal volume decreased by 33% in Q1 2024 versus the previous quarter and was 25% lower than in Q1 2023.
For further understanding of GlobalData's Insurance Industry Mergers And Acquisitions Deals By Top Themes In Q1 2024 – 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.
