In the British life insurance industry, there were 10 M&A deals announced in Q4 2023, worth a total value of $484.1m, according to GlobalData’s Deals Database. The $440.6m acquisition of Intact Financial and Royal & Sun Alliance Insurance by Admiral Group 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 UK decreased by 22% in Q4 2023 compared with the previous quarter’s total of $618.4m and rose by 1598% as compared to Q4 2022. Related deal volume increased by 43% in Q4 2023 versus the previous quarter and was 11% higher than in Q4 2022.

The top-ranked financial advisors supporting these M&A deals in the UK in Q4 2023 were Barclays; Continuum Advisory Group; Evercore with 1, 1, 1 deals respectively.

The top-ranked legal advisorss supporting these M&A deals in the UK Q4 2023 were Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates; CMS Legal Services EEIG; Herbert Smith Freehills with 3, 2, 1 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.

This content was updated on 8 January 2024

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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.