Total insurance industry deals for February 2020 worth $5.49bn were announced globally, according to GlobalData’s deals database.

The value marked an increase of 272.7% over the previous month and a rise of 14.2% when compared with the last 12-month average of $4.81bn.

In terms of number of deals, the sector saw a rise of 1.03% over the last 12-month average with 98 deals against the average of 97 deals.

In value terms, North America led the activity with deals worth $3.27bn.

Insurance industry deals in February 2020: Top deals

The top five insurance deals accounted for 92.8% of the overall value during February 2020.

The combined value of the top five insurance deals stood at $5.09bn, against the overall value of $5.49bn recorded for the month.

The top five insurance industry deals of February 2020 tracked by GlobalData were:

1) Fidelity National Financial’s $2.7bn acquisition of FGL Holdings

2) The $1.1bn asset transaction with AXA by UNIQA Insurance Group

3) Arch Capital Group’s $520.07m acquisition of Coface

4) The $450m acquisition of NORCAL Mutual Insurance by ProAssurance

5) Unipol Gruppo’s asset transaction with Unione di Banche Italiane for $323.94m.

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.