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  1. Deals Analysis
April 29, 2021updated 18 Nov 2022 4:40pm

Insurance industry M&A deals total $14.9bn globally in March 2021

By Carmen

Total insurance industry M&A deals worth $14.9bn were announced globally in March 2021, led by $10.91bn merger of Apollo Global Management and Athene Holding, according to GlobalData’s deals database.

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The value marked an increase of 213.03% over the previous month of $4.76bn and a rise of 464.4% when compared with the last 12-month average, which stood at $2.64bn.

Comparing M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $13.72bn. At the country level, the US topped the list in terms of deal value at $13.71bn.

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 March 2021 was the US with 14 deals, followed by the UK with four and Canada with two.

In 2021, as of March, insurance M&A deals worth $23.96bn were announced globally, marking an increase of 278.8% year on year.

insurance industry M&A deals in March 2021: Top deals

The top five M&A deals accounted for 100% of the overall value during March 2021.

The combined value of the top five insurance M&A deals stood at $14.89bn, against the overall value of $14.9bn recorded for the month.

The top five insurance industry M&A deals of March 2021 tracked by GlobalData were:

1) The $10.91bn merger of Apollo Global Management and Athene Holding

2) The $1.3bn asset transaction with Assurant by CUNA Mutual Group

3) Allianz and CNP Assurances’ $1.18bn asset transaction with Aviva

4) The $1bn acquisition of Ohio National Financial Services and Ohio National Mutual Holdings by Constellation Insurance Holdings

5) Blend Labs’ acquisition of Title365 for $500m.

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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