Total insurance industry M&A deals in October 2019 worth $5.07bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 44.2% over the previous month and a rise of 52.5% when compared with the last 12-month average, which stood at $3.32bn.
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.
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By GlobalDataThe top country in terms of M&A deals activity in October 2019 was the US with 44 deals, followed by the UK with six and Brazil with three.
In 2019, as of the end of October 2019, insurance M&A deals worth $28.59bn were announced globally, marking a decrease of 64.3% year on year.
Insurance industry M&A deals in October 2019: Top deals
The top five insurance industry M&A deals accounted for 75.8% of the overall value during October 2019.
The combined value of the top five insurance M&A deals stood at $3.84bn, against the overall value of $5.07bn recorded for the month.
The top five insurance industry deals of October 2019 tracked by GlobalData were:
1) HCC Insurance(Inactive)’s $3.1bn acquisition of Privilege Underwriters
2) The $398m acquisition of International General Insurance Holdings by Tiberius Acquisition
3) GamaLife’s $185.37m acquisition of GNB – Companhia de Seguros de Vida
4) The $80m acquisition of AFIA Insurance Brokerage Services by Creative Zone FZ
5) Notre Dame Intermedica Saude’s acquisition of Sao Lucas Saude for $74.93m.
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.
