Total non-life insurance industry M&A deals in Q3 2020 worth $2.91bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 883.02% over the previous quarter and a rise of 27.7% when compared with the last four-quarter average, which stood at $2.28bn.
Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $2.14bn. At the country level, the UK topped the list in terms of deal value at $2.14bn.
In terms of volumes, 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 2020 was the US with 19 deals, followed by the UK with four and China with one.
In 2020, as of the end of Q3 2020, non-life insurance M&A deals worth $3.66bn were announced globally, marking a decrease of 46.8% year on year.
Non-life insurance industry M&A deals in Q3 2020: Top deals
The top five non-life insurance industry M&A deals accounted for 100% of the overall value during Q3 2020.
The combined value of the top five non-life insurance M&A deals stood at $2.91bn, against the overall value of $2.91bn recorded for the month.
The top five non-life insurance industry deals of Q3 2020 tracked by GlobalData were:
1) Rand Merchant Investment Holdings and Sampo’s $2.14bn acquisition of Hastings Group
2) The $400m acquisition of Gainsco by State Farm Mutual Automobile Insurance
3) DARAG Group’s $240m asset transaction with Hallmark Financial Services
4) The $120m acquisition of People’s United Insurance Agency by AssuredPartners
5) Buckle Agency’s acquisition of American Country Insurance and American Service Insurance for $5.12m.
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.
