Total insurance industry deals for April 2020 worth $2.37bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 94.8% over the previous month and a drop of 73.1% when compared with the last 12-month average of $8.81bn.
In terms of number of deals, the sector saw a drop of 37.4% over the last 12-month average with 62 deals against the average of 99 deals.
In value terms, Asia-Pacific led the activity with deals worth $2.14bn.
Insurance industry deals in April 2020: Top deals
The top five insurance deals accounted for 95.7% of the overall value during April 2020.
The combined value of the top five insurance deals stood at $2.27bn, against the overall value of $2.37bn recorded for the month.
The top five insurance industry deals of April 2020 tracked by GlobalData were:
1) KB Financial Group’s $1.9bn acquisition of Prudential Life Insuranceof Korea Ltd
2) The $211.36m acquisition of Max Life insurance by Axis Bank
3) Brickell Insurance Holdings’ $80m private equity deal with Randall & Quilter PS Holdings
4) The $54.34m venture financing of Alan by Index Ventures and Temasek Holdings (Private)
5) Global Founders Capital -US and Norwest Venture Partners’ venture financing of Clever Care Health Plan for $20m.
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.
