Total non-life insurance industry M&A deals in Q3 2019 worth $3.46bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 139.1% over the previous quarter and a rise of 137.1% when compared with the last four-quarter average, which stood at $1.46bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $2.69bn. At the country level, Canada topped the list in terms of deal value at $2.69bn.
In terms of volume, North America emerged as the top region for non-life insurance industry M&A deals globally, followed by Europe and then Asia-Pacific.
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By GlobalDataThe top country in terms of M&A deals activity in Q3 2019 was the US with eight deals, followed by the UK with two and Canada with two.
In 2019, as of the end of Q3 2019, non-life insurance M&A deals worth $5.19bn were announced globally, marking a decrease of 10.3% year on year.
Non-life insurance industry M&A deals in Q3 2019: Top deals
The top three non-life insurance industry M&A deals accounted for 100% of the overall value during Q3 2019.
The combined value of the top three non-life insurance M&A deals stood at $3.42bn, against the overall value of $3.46bn recorded for the month.
The top three 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
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.
