Total non-life insurance industry deals for Q3 2019 worth $4.05bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 22.4% over the previous quarter and a drop of 11.9% when compared with the last four-quarter average of $4.6bn.
In terms of number of deals, the sector saw a rise of 27.8% over the last four-quarter average with 46 deals against the average of 36 deals.
In value terms, North America led the activity with deals worth $3.19bn.
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By GlobalDataNon-life insurance industry deals in Q3 2019: Top deals
The top five non-life insurance deals accounted for 95.7% of the overall value during Q3 2019.
The combined value of the top five non-life insurance deals stood at $3.88bn, against the overall value of $4.05bn recorded for the month.
The top five non-life insurance industry deals of Q3 2019 tracked by GlobalData were:
1) Brookfield Business Partners’ $1.93bn acquisition of Genworth MI Canada
2) The $753.3m acquisition of Frank Cowan and The Guaranteeof North America by Intact Financial
3) Allianz’s $741.72m asset transaction with Sul America
4) The $350m venture financing of Root Insurance by Coatue Management, Drive Capital, DST Global, Redpoint Ventures, Ribbit Capital and Tiger Global Management
5) Bond, Comcast Ventures, Felicis Ventures, Fifth Wall Ventures Management, Hillhouse Capital Group, Horizons Ventures, ICONIQ Capital, Lennar, Michael Ovitz, Pipeline Capital Partners, Propel Venture Partners, RPM Ventures, STANDARD INDUSTRIES and Zeev Ventures’ venture financing of Hippo Insurance Services for $100m.
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.
