Total non-life insurance industry deals for Q4 2020 worth $7.44bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 10.2% over the previous quarter and a rise of 111.7% when compared with the last four-quarter average of $3.51bn.

In terms of number of deals, the sector saw a rise of 31.4% over the last four-quarter average with 46 deals against the average of 35 deals.

In value terms, North America led the activity with deals worth $5.87bn.

Non-life insurance industry deals in Q4 2020: Top deals

The top five non-life insurance deals accounted for 90.2% of the overall value during Q4 2020.

The combined value of the top five non-life insurance deals stood at $6.71bn, against the overall value of $7.44bn recorded for the month.

The top five non-life insurance industry deals of Q4 2020 tracked by GlobalData were:

1) Farmers Exchanges and Farmers Group’s $3.94bn acquisition of MetLife Auto & Home Insurance Agency

2) The $1.2bn private equity deal with Genworth MI Canada by Brookfield Business Partners

3) Onex, Onex Partners V and GIC’s $1bn private equity deal with Convex Group

4) The $370m acquisition of American Access Casualty by Kemper

5) Assicurazioni Generali’s acquisition of AXA Insurance AE for $202.66m.

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.

 

Visit our ‘Insurance Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the insurance industry.