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.
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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.