Total non-life insurance industry M&A deals in Q4 2020 worth $5.03bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 73% over the previous quarter and a rise of 152.9% when compared with the last four-quarter average, which stood at $1.99bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $4.53bn. At the country level, the US topped the list in terms of deal value at $4.53bn.

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 Middle East and Africa.

The top country in terms of M&A deals activity in Q4 2020 was the US with 18 deals, followed by the UK with five and Canada with three.

In 2020, as of the end of Q4 2020, non-life insurance M&A deals worth $8.68bn were announced globally, marking a decrease of 22.3% year on year.

Non-life insurance industry M&A deals in Q4 2020: Top deals

The top five non-life insurance industry M&A deals accounted for 96.4% of the overall value during Q4 2020.

The combined value of the top five non-life insurance M&A deals stood at $4.85bn, against the overall value of $5.03bn 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 $370m acquisition of American Access Casualty by Kemper

3) Assicurazioni Generali’s $202.66m acquisition of AXA Insurance AE

4) The $200m acquisition of Trupanion by Aflac

5) Tesco Personal Finance’s acquisition of Tesco Underwriting for $135.2m.

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.