Total insurance industry M&A deals in September 2020 worth $6.42bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 471.8% over the previous month and a drop of 7.5% when compared with the last 12-month average, which stood at $6.93bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $6.25bn. At the country level, the US topped the list in terms of deal value at $6.25bn.
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 September 2020 was the US with 44 deals, followed by the UK with six and Bermuda with five.
In 2020, as of the end of September 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 September 2020: Top deals
The top five insurance industry M&A deals accounted for 93.9% of the overall value during September 2020.
The combined value of the top five insurance M&A deals stood at $6.03bn, against the overall value of $6.42bn recorded for the month.
The top five insurance industry deals of September 2020 tracked by GlobalData were:
1) Empower Retirement’s $3.35bn asset transaction with Massachusetts Mutual Life Insurance
2) The $1.68bn acquisition of Versant Health by MetLife
3) Farm Bureau Property & Casualty Insurance’s $440m acquisition of FBL Financial Group
4) The $400m acquisition of Gainsco by State Farm Mutual Automobile Insurance
5) Verisk Analytics’ acquisition of Franco Signor for $160m.
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.
