Total insurance industry M&A deals in December 2020 worth $4.48bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 195.8% over the previous month and a drop of 24.8% when compared with the last 12-month average, which stood at $5.96bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $3.98bn. At the country level, the US topped the list in terms of deal value at $3.98bn.
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.
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By GlobalDataThe top country in terms of M&A deals activity in December 2020 was the US with 32 deals, followed by the UK with four and Canada with three.
In 2020, as of the end of December 2020, insurance M&A deals worth $63.02bn were announced globally, marking an increase of 59.1% year on year.
Insurance industry M&A deals in December 2020: Top deals
The top five insurance industry M&A deals accounted for 98.8% of the overall value during December 2020.
The combined value of the top five insurance M&A deals stood at $4.42bn, against the overall value of $4.48bn recorded for the month.
The top five insurance industry deals of December 2020 tracked by GlobalData were:
1) Farmers Exchanges and Farmers Group’s $3.94bn acquisition of MetLife Auto & Home Insurance Agency
2) The $205.29m asset transaction with National Australia Bank by Partners Life
3) Assicurazioni Generali’s $202.66m acquisition of AXA Insurance AE
4) The $43m acquisition of EPG Insurance by Assurant
5) Randall & Quilter II’s acquisition of Vibe Corporate Member, Vibe Services Management and Vibe Syndicate Management for $33.62m.
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.
