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  1. Deals Analysis
November 22, 2019

Insurance industry M&A deals in Q3 2019 total $12.35bn globally

Total insurance industry M&A deals in Q3 2019 worth $12.35bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 74.9% over the previous quarter and a drop of 13.81% when compared with the last four-quarter average, which stood at $14.33bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $6.86bn. At the country level, the US topped the list in terms of deal value at $4.17bn.

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 Q3 2019 was the US with 121 deals, followed by the UK with 22 and Canada with 11.

In 2019, as of the end of Q3 2019, insurance M&A deals worth $22.44bn were announced globally, marking a decrease of 68.4% year on year.

Insurance industry M&A deals in Q3 2019: Top deals

The top five insurance industry M&A deals accounted for 80.5% of the overall value during Q3 2019.

The combined value of the top five insurance M&A deals stood at $9.93bn, against the overall value of $12.35bn recorded for the month.

The top five insurance industry deals of Q3 2019 tracked by GlobalData were:

1) Prudential Financial’s $3.5bn acquisition of Assurance IQ

2) The $3.01bn acquisition of SCB Life Assurance Public by FWD Group Financial Services

3) Brookfield Business Partners’ $1.93bn acquisition of Genworth MI Canada

4) The $753.3m acquisition of Frank Cowan and The Guaranteeof North America by Intact Financial

5) Allianz’s asset transaction with Sul America for $741.72m.

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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