Total insurance industry M&A deals worth $1.5bn were announced in Europe in Q3 2022, led by Athora Deutschland Holding GmbHKG’s $612.92m asset transaction with AXA Germany, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

The value marked a flat growth over the previous quarter and a drop of 1.9% when compared with the last four-quarter average of $1.57bn.

Europe held a 52.03% share of the global insurance industry M&A deal value that totalled $2.96bn in Q3 2022. With a 20.71% share and deals worth $612.92m, Germany was the top country in Europe’s M&A deal value across insurance industry.

In terms of deal activity, Europe recorded 29 deals during Q3 2022, marking an increase of 7.41% over the previous quarter and a rise of 9.43% over the last four-quarter average. The UK recorded 11 deals during the quarter.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Europe insurance industry M&A deals in Q3 2022: Top deals

The top five insurance industry M&A deals accounted for 100% of the overall value during Q3 2022.

The combined value of the top five M&A deals stood at $1.54bn, against the overall value of $1.5bn recorded for the quarter.

The top five insurance industry deals of Q3 2022 tracked by GlobalData were:

1) Athora Deutschland Holding GmbHKG’s $612.92m asset transaction deal with AXA Germany

2) The $507.61m acquisition of 49% stake in CNP Vita Assicura by CNP Assurances

3) Phoenix Group’s $326.78m acquisition deal with SunLife

4) The $87.45m acquisition of Cattolica Assicurazioni Soc. Coop. by Assicurazioni Generali

5) PSC Insurance Group’s $5.65m acquisition deal with Ensurance