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  1. Deals Analysis
May 27, 2019

Insurance industry M&A deals in April 2019 total $2.79bn globally

By Carmen

Total insurance industry M&A deals in April 2019 worth $2.79bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 780.5% over the previous month and a drop of 33.9% when compared with the last 12-month average, which stood at $4.22bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $2.25bn. At the country level, the US topped the list in terms of deal value at $2.25bn.

In terms of volumes, North America emerged as the top region for insurance industry M&A deals globally, followed by Europe and then Asia-Pacific.

The top country in terms of M&A deals activity in April 2019 was the US with 37 deals, followed by the UK with seven and Canada with four.

In 2019, as of the end of April 2019, insurance M&A deals worth $4.98bn were announced globally, marking a decrease of 88.1% year on year.

Insurance industry M&A deals in April 2019: Top deals

The top four insurance industry M&A deals accounted for 100% of the overall value during April 2019.

The combined value of the top four insurance industry M&A deals stood at $2.79bn, against the overall value of $2.79bn recorded for the month. The top announced insurance industry M&A deal tracked by GlobalData in April 2019 was Principal Financial Group’s $1.2bn asset transaction with Wells Fargo.

In second place was the $1.05bn asset transaction with Ameriprise Financial by American Family Insurance Group and in third place was Baloise Holding’s $542.29m acquisition of Fidea.

The $0.48m asset transaction with Risk Management Alpha by Japan Corporate Housing Service held fourth positions.

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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