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  1. Deals Analysis
April 29, 2021

Non-life Insurance industry deals total $14.35bn globally in March 2021

By Carmen

Total non-life insurance industry deals worth $14.35bn were announced globally for March 2021, with the $10.91bn merger of Apollo Global Management and Athene Holding being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 1565.1% over the previous month of $861.82m and a rise of 869.6% when compared with the last 12-month average of $1.48bn.

In terms of number of deals, the sector saw a rise of 76.92% with 23 deals in March 2021 when compared to the last 12-month average of 13 deals.

In value terms, North America led the activity with deals worth $12.94bn in March 2021.

non-life insurance industry deals in March 2021: Top deals

The top five deals accounted for 97.9% of the overall value during March 2021.

The combined value of the top five deals stood at $14.04bn, against the overall value of $14.35bn recorded for the month.

The top five non-life insurance industry deals of March 2021 tracked by GlobalData were:

1) The $10.91bn merger of Apollo Global Management and Athene Holding

2) The $1.3bn asset transaction with Assurant by CUNA Mutual Group

3) Allianz and CNP Assurances’ $1.18bn asset transaction with Aviva

4) The $500m acquisition deal of Title365 by Blend Labs

5) Balderton Capital, DST Global, General Catalyst Partners, Latitude Investment Management and Taavet Hinrikus’ venture financing deal with Extracover for $150m.

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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