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  1. Deals Analysis
March 8, 2019

Non-life insurance M&As in Q4 2018 total $1.33bn globally

Total non-life insurance M&A deals in Q4 2018 worth $1.33bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 50.02% over the previous quarter and a drop of 45.1% when compared with the last four-quarter average, which stood at $2.42bn.

Comparing deals activity in different regions of the globe, North America held the top position, with total announced deals in the period worth $922.1m. At the country level, the United States topped the list in terms of deal value at $747.1m.

In terms of volumes, North America emerged as the top region for non-life insurance M&A deals globally, followed by Europe and then Asia-Pacific.

The top country in terms of M&A deals activity in Q4 2018 was the United States with 15 deals, followed by the United Kingdom with 5 and Australia with 1.

In 2018, as of the end of Q4, non-life insurance M&As worth $8.22bn were announced globally, marking a decrease of 30.6% year on year.

Non-life insurance M&A deals in Q4 2018: Top deals

The top five non-life insurance M&A deals accounted for 85.2% of the overall value during Q4 2018.

The combined value of the top five non-life insurance M&A deals stood at $1.13bn, against the overall value of $1.33bn recorded for the quarter.

The top announced non-life insurance M&A deal tracked by GlobalData in Q4 2018 was The Doctors’ $650m acquisition of FOJP SERVICE and Hospitals InsuranceInc.

In second place was Ageas’ acquisition of Royal Sundaram General Insurance for $209.38m and in third place was The CAA Club Group of Companies’ $175m acquisition of Echelon Insurance.

Standard Diversified’s $54.1m acquisition of Tri-State Consumer Insurance and National General Holdings’ acquisition of National Farmers Union Property and Casualty for $43m held fourth and fifth positions, respectively.

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.

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.

 

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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