Total insurance industry M&A deals in May 2019 worth $1.33bn were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 52.3% over the previous month and a drop of 70.8% when compared with the last 12-month average, which stood at $4.56bn.

Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $1.04bn. At the country level, the UK topped the list in terms of deal value at $1.04bn.

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 May 2019 was the US with 37 deals, followed by the UK with eight and Canada with seven.

In 2019, as of the end of May 2019, insurance M&A deals worth $6.67bn were announced globally, marking a decrease of 84.8% year on year.

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

The top five insurance industry M&A deals accounted for 84.6% of the overall value during May 2019.

The combined value of the top five insurance industry M&A deals stood at $1.13bn, against the overall value of $1.33bn recorded for the month. The top announced insurance industry M&A deal tracked by GlobalData in May 2019 was Allianz (UK)’s $729.42m acquisition of Liverpool Victoria General Insurance Group.

In second place was the $305.4m asset transaction with Legal & General Group by Allianz and in third place was Morneau Shepell’s $57m asset transaction with Mercer.

The $28.84m stake acquisition of Inter Digital Corretora e Consultoria em Seguros by Wiz Solucoes e Corretagem de Seguros and XPS Pensions Group’s acquisition of RL Corporate Pension Services for $6.24m held fourth and fifth positions, respectively.

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.