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  1. Deals Analysis
October 7, 2022

Life Insurance industry cross border deals total $514.9m globally in Q2 2022

By Carmen

HDI Seguros’ $253.8m acquisition deal with Sompo Seguros was the Life insurance industry’s biggest cross border deal of Q2 2022 as cross border deals worth $514.9m were announced globally in the quarter, according to GlobalData’s deals database.

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The value marked a decrease of 82.8% over the previous quarter and a drop of 85.5% when compared with the last four-quarter average of $3.54bn.

In terms of number of cross border deals, the sector saw a drop of 33.33% with 21 deals in Q2 2022 against the average of 31.50 deals in the last four-quarters.

In value terms, Europe led the activity with cross border deals worth $260.12m.

Life insurance industry cross border deals in Q2 2022: Top deals

The top five Life insurance industry cross border deals accounted for 60.9% of the overall value during Q2 2022.

The combined value of the top five cross border deals stood at $313.71m, against the overall value of $514.9m recorded for the quarter.

The top five Life insurance industry cross border deals of Q2 2022 tracked by GlobalData were:

1) HDI Seguros $253.8m acquisition deal with Sompo Seguros

2) The $35m acquisition of Safety Nest by byFounders,Creandum,DG Ventures,Kinnevik and Mundi Ventures

3) Caroline Hjelm,Felix Capital Partners,Fredrik Hjelm,Inventure,Josefin Landgard,Karl-Johan Persson and Passion Capital $11.59m venture financing deal with Lassie

4) The $7m venture financing of Afficiency by IA Capital Group,Impression Ventures,SBLI USA Life InsuranceInc and Western & Southern Life

5) Munich Re Ventures $6.32m venture financing deal with Azos Tecnologia E Corretagem De Seguros

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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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