Total insurance industry deals for November 2020 worth $3.14bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 34.1% over the previous month and a drop of 56.9% when compared with the last 12-month average of $7.28bn.

In terms of number of deals, the sector saw a rise of 19.05% over the last 12-month average with 50 deals against the average of 42 deals.

In value terms, Europe led the activity with deals worth $1.32bn.

Insurance industry deals in November 2020: Top deals

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

The combined value of the top five insurance deals stood at $2.91bn, against the overall value of $3.14bn recorded for the month.

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

1) Onex, Onex Partners V and GIC’s $1bn private equity deal with Convex Group

2) The $800m private equity deal with Inigo by Caisse de depot et placement du Quebec, Enstar Group, J.C. Flowers & Co, Oak Hill Advisors, Qatar Investment Authority and Stone Point Capital

3) Unione di Banche Italiane’s $474.2m acquisition of Aviva Vita

4) The $370m acquisition of American Access Casualty by Kemper

5) Gulf Insurance Group KSCP’s acquisition of AXA Cooperative Insurance, AXA Insurance (Gulf)(c) and AXA Green Crescent Insurance Co for $269m.

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.