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  1. Deals Analysis
March 8, 2019

Insurance M&As in Q4 2018 total $9.6bn globally

Total insurance M&A deals in Q4 2018 worth $9.6bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 24.2% over the previous quarter and a drop of 47.5% when compared with the last four-quarter average, which stood at $18.3bn.

Comparing deals activity in different regions of the globe, Europe held the top position, with total announced deals in the period worth $4.43bn. At the country level, the United Kingdom topped the list in terms of deal value at $3.6bn.

In terms of volumes, North America emerged as the top region for insurance M&A deals globally, followed by Europe and then Asia-Pacific.

The top country in terms of M&A deals activity in Q4 2018 was the United States with 62 deals, followed by the United Kingdom with 20 and Canada with 6.

In 2018, as of the end of Q4, insurance M&As worth $65.9bn were announced globally, marking an increase of 58.7% year on year.

Insurance M&A deals in Q4 2018: Top deals

The top five insurance M&A deals accounted for 74.8% of the overall value during Q4 2018.

The combined value of the top five insurance M&A deals stood at $7.18bn, against the overall value of $9.6bn recorded for the quarter.

The top announced insurance M&A deal tracked by GlobalData in Q4 2018 was Legal & General Assurance Society’s $3.15bn acquisition of Nortel Networks UK Pension Plan.

In second place was Resolution Life Holdings’ asset transaction with AMP for $2.34bn and in third place was The Doctors’ $650m acquisition of FOJP SERVICE and Hospitals Insurance.

Alignvest Acquisition II’s $536.48m acquisition of Sagicor Financial and ASR Nederland’s acquisition of Loyalis for $510.69m held fourth and fifth positions, respectively.

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.

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.

 

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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