Total insurance industry deals for June 2020 worth $978.11m were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 75.2% over the previous month and a drop of 86.03% when compared with the last 12-month average of $7bn.

In terms of number of deals, the sector saw a drop of 4.6% over the last 12-month average with 42 deals against the average of 44 deals.

In value terms, North America led the activity with deals worth $621.32m.

Insurance industry deals in June 2020: Top deals

The top five insurance deals accounted for 68.6% of the overall value during June 2020.

The combined value of the top five insurance deals stood at $671.14m, against the overall value of $978.11m recorded for the month.

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

1) Aquiline Capital Partners, Dragoneer Investment Group and Skyknight Capital’s $610m private equity deal with StarStone US

2) The $46.8m acquisition of Klp Bedriftspensjon by DNB Livsforsikring

3) National Hydrocarbons’ $6.38m acquisition of Chanas Assurances

4) The $5.06m venture financing of SingularCover SBF by Antai Venture Builder, Global Founders Capital, Liberty Mutual Strategic Ventures and Mutua Madrilena

5) West Hill Corporate Finance’s venture financing of Qlaims for $2.9m.

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.