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  1. Deals Analysis
November 23, 2021updated 08 Jul 2022 12:48pm

Insurance industry M&A deals total $171.3m globally in October 2021

By Carmen

Total insurance industry M&A deals worth $171.3m were announced globally in October 2021, led by Swiss Re and Vijay Shekhar Sharma’s $122.54m acquisition of Paytm Insuretech, according to GlobalData’s deals database.

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The value marked a decrease of 95.02% over the previous month of $3.44bn and a drop of 96.4% when compared with the last 12-month average, which stood at $4.69bn.

Comparing M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $122.54m. At the country level, the India topped the list in terms of deal value at $122.54m.

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 October 2021 was the US with eight deals, followed by the UK with four and Canada with three.

In 2021, as of October, insurance M&A deals worth $38.18bn were announced globally, marking an increase of 13.5% year on year.

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

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

The combined value of the top five insurance M&A deals stood at $171.33m, against the overall value of $171.3m recorded for the month.

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

1) Swiss Re and Vijay Shekhar Sharma $122.54m acquisition deal for 23% stake in Paytm Insuretech

2) The $48.78m acquisition of 23% stake in Euroins Insurance Group by European Bank for Reconstruction and Development

3) Ascot Group $0m acquisition deal with Amfed Companies

4) The $0m acquisition of S.JohnsonLtd by Aston Lark

5) AGA Financial Group $0m acquisition deal with Agile Benefits,CustomCare and PPI Benefits

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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