North America’s insurance industry saw a rise of 51.5% in overall deal activity during Q4 2020, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 103 deals worth $7.46bn were announced for the region during Q4 2020, against the last four-quarter average of 68 deals.
Of all the deal types, M&A saw most activity in Q4 2020 with 81, representing a 78.6% share for the region.
In second place was venture financing with 14 deals, followed by private equity deals with eight transactions, respectively capturing a 13.6% and 7.8% share of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in North America’s insurance industry with $4.62bn, while private equity and venture financing deals totalled $2.5bn and $343.49m, respectively.
North America insurance industry deals in Q4 2020: Top deals
The top five insurance deals accounted for 91.3% of the overall value during Q4 2020.
The combined value of the top five insurance deals stood at $6.81bn, against the overall value of $7.46bn recorded for the quarter.
The top five 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 $1.2bn private equity deal with Genworth MI Canada by Brookfield Business Partners
3) Onex Group and Onex Partners V’s $960m private equity deal with Digital Insurance
4) The $370m acquisition of American Access Casualty by Kemper
5) Brookfield Asset Management’s private equity deal with American Equity Investment Life Holding for $336.92m.
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.
Visit our ‘Insurance Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the insurance industry.