Total insurance industry M&A deals in October 2020 worth $1.98bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 58% over the previous month and a drop of 68% when compared with the last 12-month average, which stood at $6.19bn.
Comparing deals value in different regions of the globe, South and Central America held the top position, with total announced deals in the period worth $1.62bn. At the country level, Bermuda topped the list in terms of deal value at $1.62bn.
In terms of volumes, North America emerged as the top region for insurance industry M&A deals globally, followed by Europe and then South and Central America.
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By GlobalDataThe top country in terms of M&A deals activity in October 2020 was the US with 17 deals, followed by the UK with seven and Italy with three.
In 2020, as of the end of October 2020, insurance M&A deals worth $56.83bn were announced globally, marking an increase of 118.3% year on year.
Insurance industry M&A deals in October 2020: Top deals
The top five insurance industry M&A deals accounted for 99.6% of the overall value during October 2020.
The combined value of the top five insurance M&A deals stood at $1.98bn, against the overall value of $1.98bn recorded for the month.
The top five insurance industry deals of October 2020 tracked by GlobalData were:
1) White Mountains Insurance Group’s $1bn acquisition of Group Ark Insurance
2) The $622m acquisition of Watford Holdings by Arch Capital Group
3) Aflac’s $200m acquisition of Trupanion
4) The $135.2m acquisition of Tesco Underwriting by Tesco Personal Finance
5) Kingsway Financial Services’ acquisition of PWI for $18.67m.
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.
