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  1. Deals Analysis
May 31, 2021

Insurance industry M&A deals total $361.2m globally in April 2021

By Carmen

Total insurance industry M&A deals worth $361.2m were announced globally in April 2021, led by $272.33m merger of Amana Cooperative Insurance and Saudi Enaya Cooperative Insurance, according to GlobalData’s deals database.

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The value marked a decrease of 98.1% over the previous month of $18.86bn and a drop of 93.9% when compared with the last 12-month average, which stood at $5.91bn.

Comparing M&A deals value in different regions of the globe, Middle East and Africa held the top position, with total announced deals in the period worth $272.33m. At the country level, the Saudi Arabia topped the list in terms of deal value at $272.33m.

In terms of volumes, North America emerged as the top region for insurance industry M&A deals globally, followed by Europe and then Middle East and Africa.

The top country in terms of M&A deals activity in April 2021 was the US with 15 deals, followed by the UK with five and Canada with three.

In 2021, as of April, insurance M&A deals worth $28.89bn were announced globally, marking an increase of 211.05% year on year.

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

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

The combined value of the top three insurance M&A deals stood at $361.21m, against the overall value of $361.2m recorded for the month.

The top three insurance industry M&A deals of April 2021 tracked by GlobalData were:

1) The $272.33m merger of Amana Cooperative Insurance and Saudi Enaya Cooperative Insurance

2) The $60m asset transaction with Cigna by Molina Healthcare

3) Fathom Realty’s $28.88m acquisition of E4:9 Holdings.

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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