Total insurance industry deals for January 2020 worth $1.47bn were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 89.7% over the previous month and a drop of 70.6% when compared with the last 12-month average of $5.02bn.

In terms of number of deals, the sector saw a drop of 12.4% over the last 12-month average with 85 deals against the average of 97 deals.

In value terms, Europe led the activity with deals worth $924.61m.

Insurance industry deals in January 2020: Top deals

The top five insurance deals accounted for 84.4% of the overall value during January 2020.

The combined value of the top five insurance deals stood at $1.24bn, against the overall value of $1.47bn recorded for the month.

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

1) Helvetia Group’s $863.69m acquisition of Caja de Seguros Reunidos, Compania de Seguros y Reaseguros

2) The $150m acquisition of National Lloyds by Align Financial Holdings

3) Hana Financial Group’s $86.19m acquisition of The-k Non-life Insurance

4) The $84m private equity deal with Digit Insurance by A91 Partners, Faering Capital and TVS Capital Funds

5) TA Associates Management’s private equity deal with Netrisk.hu Elso Online Biztositasi Alkusz Zrt for $60.2m.

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.