Europe’s insurance industry saw a drop of 4.6% in overall deal activity during Q3 2019, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 62 deals worth $1.04bn were announced for the region during Q3 2019, against the last four-quarter average of 65 deals.
Of all the deal types, M&A saw most activity in Q3 2019 with 43, representing a 69.4% share for the region.
In second place was venture financing with 12 deals, followed by private equity deals with seven transactions, respectively capturing a 19.3% and 11.3% share of the overall deal activity for the quarter.
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By GlobalDataIn terms of value of deals, M&A was the leading category in Europe’s insurance industry with $755.7m, while private equity and venture financing deals totalled $215.57m and $65.83m, respectively.
Europe insurance industry deals in Q3 2019: Top deals
The top five insurance deals accounted for 88.03% of the overall value during Q3 2019.
The combined value of the top five insurance deals stood at $912.98m, against the overall value of $1.04bn recorded for the quarter.
The top five insurance industry deals of Q3 2019 tracked by GlobalData were:
1) Assicurazioni Generali’s $572.1m acquisition of Seguradoras Unidas
2) The $138m private equity deal with Euro Accident Health & Care Insurance by Impilo
3) Assicurazioni Generali’s $100.96m acquisition of AdvanceCare – Gestao de Servicos de Saude
4) The $52.37m acquisition of Paragon International by PSC Insurance Group
5) BlackRock, Legg Mason and Merian Chrysalis Investment’s private equity deal with Embark Group for $49.56m.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.
