Total insurance industry M&A deals in July 2019 worth $4.79bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 140.2% over the previous month and a drop of 2.4% when compared with the last 12-month average, which stood at $4.68bn.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $3.4bn. At the country level, Thailand topped the list in terms of deal value at $3.01bn.
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 July 2019 was the US with 49 deals, followed by the UK with nine and Canada with four.
In 2019, as of the end of July 2019, insurance M&A deals worth $13.56bn were announced globally, marking a decrease of 72.9% year on year.
Insurance industry M&A deals in July 2019: Top deals
The top five insurance industry M&A deals accounted for 92.7% of the overall value during July 2019.
The combined value of the top five insurance M&A deals stood at $4.44bn, against the overall value of $4.79bn recorded for the month.
The top five insurance industry deals of July 2019 tracked by GlobalData were:
1) FWD Group Financial Services’ $3.01bn acquisition of SCB Life Assurance PublicLimited
2) The $572.1m acquisition of Seguradoras Unidas by Assicurazioni Generali
3) Jade Mountain Partners’s $384.25m acquisition of White Eagle Asset Portfolio
4) The $266m acquisition of PT Asuransi Jiwa Sinarmas MSIG by Mitsui Sumitomo Insurance
5) Markel’s acquisition of The Hagerty Group for $212.5m.
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.
