Total insurance industry deals for August 2019 worth $5.39bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 8% over the previous month and a drop of 20.3% when compared with the last 12-month average of $6.76bn.

In terms of number of deals, the sector saw a drop of 4.5% over the last 12-month average with 85 deals against the average of 89 deals.

In value terms, North America led the activity with deals worth $3.97bn.

Insurance industry deals in August 2019: Top deals

The top five insurance deals accounted for 82.8% of the overall value during August 2019.

The combined value of the top five insurance deals stood at $4.46bn, against the overall value of $5.39bn recorded for the month.

The top five insurance industry deals of August 2019 tracked by GlobalData were:

1) Brookfield Business Partners’ $1.93bn acquisition of Genworth MI Canada

2) The $753.3m acquisition of Frank Cowan and The Guarantee of North America by Intact Financial

3) Allianz’s $741.72m asset transaction with Sul America

4) The $688m private equity deal with Berkshire Hathaway by Pershing Square Capital Management

5) Coatue Management, Drive Capital, DST Global, Redpoint Ventures, Ribbit Capital and Tiger Global Management’s venture financing of Root Insurance for $350m.

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.