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  1. Deals Analysis
July 17, 2019

Insurance industry deals in June 2019 total $2.26bn globally

Total insurance industry deals for June 2019 worth $2.26bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 42.8% over the previous month and a drop of 66.3% when compared with the last 12-month average of $6.7bn.

In terms of number of deals, the sector saw a drop of 2.3% over the last 12-month average with 86 deals against the average of 88 deals.

In value terms, Europe led the activity with deals worth $1.73bn.

Insurance industry deals in June 2019: Top deals

The top five insurance deals accounted for 87.8% of the overall value during June 2019.

The combined value of the top five insurance deals stood at $1.98bn, against the overall value of $2.26bn recorded for the month. The top announced insurance deal tracked by GlobalData in June 2019 was Banco Santander’s $1.06bn acquisition of Allianz Popular.

In second place was the $468.2m acquisition of Vivat Schadeverzekeringen by NN Group and in third place was Housing Development Finance’s $193.14m acquisition of Apollo Munich Health Insurance Limited.

The $144.59m venture financing of Beijing Internet Technology by Boyu Capital, China International Capital, Gaorong Capital and Tencent Holdings and CNP Assurances’ stake acquisition of CNP Cyprus Insurance Holdings for $109.22m held fourth and fifth positions, respectively.

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.

 

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.

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