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  1. Deals Analysis
April 1, 2020

Insurance industry M&A deals in February 2020 total $5.27bn globally

Total insurance industry M&A deals in February 2020 worth $5.27bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 366% over the previous month and a rise of 46.7% when compared with the last 12-month average, which stood at $3.59bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $3.15bn. At the country level, the US topped the list in terms of deal value at $3.15bn.

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 February 2020 was the US with 34 deals, followed by the UK with ten and Canada with seven.

In 2020, as of the end of February 2020, insurance M&A deals worth $6.4bn were announced globally, marking an increase of 175.2% year on year.

Insurance industry M&A deals in February 2020: Top deals

The top five insurance industry M&A deals accounted for 96.7% of the overall value during February 2020.

The combined value of the top five insurance M&A deals stood at $5.09bn, against the overall value of $5.27bn recorded for the month.

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

1) Fidelity National Financial’s $2.7bn acquisition of FGL Holdings

2) The $1.1bn asset transaction with AXA by UNIQA Insurance Group

3) Arch Capital Group’s $520.07m acquisition of Coface

4) The $450m acquisition of NORCAL Mutual Insurance by ProAssurance

5) Unipol Gruppo’s asset transaction with Unione di Banche Italiane for $323.94m.

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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