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  1. Deals Analysis
May 24, 2022

North America’s insurance industry saw a rise of 4.55% in deal activity during April 2022

By Carmen

North America’s insurance industry saw a rise of 4.55% in deal activity during April 2022, when compared with the last 12-month average, led by byFounders, Creandum, DG Ventures, Kinnevik and Mundi Ventures’ $35m venture financing deal with Safety Nest, according to GlobalData’s deals database.

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A total of 23 insurance industry deals worth $91.4m were announced for the region in April 2022, against the 12-month average of 22 deals.

Of all the deal types, M&A saw most activity in April 2022 with 13 transactions, representing a 56.5% share for the region.

In second place was venture financing with ten deals capturing a 43.5% share of the overall deal activity for the month.

In terms of value of deals, venture financing was the leading category in North America’s insurance industry with $83.94m, followed by M&A deals totalled $7.5m.

North America insurance industry deals in April 2022: Top deals

The top five insurance deals accounted for 80.4% of the overall value during April 2022.

The combined value of the top five insurance deals stood at $73.5m, against the overall value of $91.4m recorded for the month.

The top five insurance industry deals of April 2022 tracked by GlobalData were:

1) byFounders,Creandum,DG Ventures,Kinnevik and Mundi Ventures $35m venture financing deal with Safety Nest

2) The $15m venture financing of Covr Financial Technologies by Aflac Ventures Fund,Allianz Life Ventures,Commerce Ventures Management,Connecticut Innovations,Contour Venture Partners,Fairview Capital Investment Management,Sony Innovation Fund,Stone Point Capital and Tribeca Angels

3) Brand Foundry Ventures,Hyde Park Angels and Western Technology Investment $9m venture financing deal with BriteCo

4) The $7.5m acquisition of Barra & Associates by Reliance Global Group

5) IA Capital Group,Impression Ventures,SBLI USA Life InsuranceInc and Western & Southern Life $7m venture financing deal with Afficiency

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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