Total insurance industry deals worth $1.7bn were announced globally for August 2022, with the $630m acquisition of Partners Life being the sector’s biggest investment, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

The value marked an increase of 23% over the previous month of $1.35bn and a drop of 55.9% when compared with the last 12-month average of $3.76bn.

In terms of number of deals, the sector saw a drop of 4.88% with 39 deals in August 2022 when compared to the last 12-month average of 41 deals.

In value terms, Asia-Pacific led the activity with deals worth $894.15m in August 2022.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

insurance industry deals in August 2022: Top deals

The top five deals accounted for 92.7% of the overall value during August 2022.

The combined value of the top five deals stood at $1.54bn, against the overall value of $1.7bn recorded for the month.

The top five insurance industry deals of August 2022 tracked by GlobalData were:

1) The Dai-ichi Life Insurance $630m acquisition deal with Partners Life

2) The $326.78m acquisition of SunLife by Phoenix Group

3) Sagicor Financial $250.41m acquisition deal with ivari

4) The $250.12m acquisition of 1.24% stake in Tokio Marine Newa Insurance by Tokio Marine & Nichido Fire Insurance

5) Everett Cash Mutual Insurance $85m acquisition deal with American Reliable Insurance