Total insurance industry M&A deals in Q3 2020 worth $14.51bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 52.3% over the previous quarter and a drop of 31.2% when compared with the last four-quarter average, which stood at $21.09bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $11.09bn. At the country level, the US topped the list in terms of deal value at $11.09bn.
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 Q3 2020 was the US with 124 deals, followed by the UK with 31 and Canada with 14.
In 2020, as of the end of Q3 2020, insurance M&A deals worth $65.35bn were announced globally, marking an increase of 165.5% year on year.
Insurance industry M&A deals in Q3 2020: Top deals
The top five insurance industry M&A deals accounted for 86% of the overall value during Q3 2020.
The combined value of the top five insurance M&A deals stood at $12.47bn, against the overall value of $14.51bn recorded for the month.
The top five insurance industry deals of Q3 2020 tracked by GlobalData were:
1) The Allstate’s $4.52bn acquisition of National General Holdings
2) The $3.35bn asset transaction with Massachusetts Mutual Life Insurance by Empower Retirement
3) Rand Merchant Investment Holdings and Sampo’s $2.14bn acquisition of Hastings Group
4) The $1.68bn acquisition of Versant Health by MetLife
5) The merger of Sirius International Insurance Group and Third Point Reinsurance for $788m.
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.
