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  1. Deals Analysis
October 23, 2019

Insurance industry deals in September 2019 total $4.61bn globally

Total insurance industry deals for September 2019 worth $4.61bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 17.05% over the previous month and a drop of 20.5% when compared with the last 12-month average of $5.8bn.

In terms of number of deals, the sector saw a drop of 8.7% over the last 12-month average with 84 deals against the average of 92 deals.

In value terms, North America led the activity with deals worth $4.49bn.

Insurance industry deals in September 2019: Top deals

The top five insurance deals accounted for 79.4% of the overall value during September 2019.

The combined value of the top five insurance deals stood at $3.66bn, against the overall value of $4.61bn recorded for the month.

The top five insurance industry deals of September 2019 tracked by GlobalData were:

1) Prudential Financial’s $3.5bn acquisition of Assurance IQ

2) The $80m private equity deal with Pareto Health by Great Hill Partners

3) Guggenheim Partners, Hudson Structured Capital Management, LSV Capital Management, Lockton and Stone Point Capital’s $32m venture financing of Bold Penguin

4) The $28.29m venture financing of Hangzhou Fansheng Technology by Bertelsmann Asia Investments, Lightspeed China Partners, YF Capital and Zhen Fund

5) 500 Startups Management, Index Ventures (UK), Ribbit Capital, SVB Financial Group and Y Combinator Management’s venture financing of Vouch for $24.5m.

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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