North America’s insurance industry saw a rise of 5% in deal activity during August 2022, when compared with the last 12-month average, led by Sagicor Financial’s $250.41m acquisition of ivari, according to GlobalData’s deals database.

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A total of 21 insurance industry deals worth $427m were announced for the region in August 2022, against the 12-month average of 20 deals.

Of all the deal types, M&A saw most activity in August 2022 with 15 transactions, representing a 71.4% share for the region.

In second place was venture financing with five deals, followed by private equity deals with one transactions, respectively capturing a 23.8% and 4.8% share of the overall deal activity for the month.

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In terms of value of deals, M&A was the leading category in North America’s insurance industry with $335.41m, while venture financing and private equity deals totalled $71.55m and $20m, respectively.

North America insurance industry deals in August 2022: Top deals

The top five insurance deals accounted for 96.6% of the overall value during August 2022.

The combined value of the top five insurance deals stood at $412.41m, against the overall value of $427m recorded for the month.

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

1) Sagicor Financial $250.41m acquisition deal with ivari

2) The $85m acquisition of American Reliable Insurance by Everett Cash Mutual Insurance

3) Aquiline Technology Growth, Assaf Wand, Bill Tai, Foundation Capital, Jerry Yang and Oren Zeev $42m venture financing deal with Fairmatic

4) The $20m private equity of DPL Financial Partners by Atlas Merchant Capital and Eldridge Industries

5) At-Bay, Cedar Cares, Flatiron Health, Hippo Holdings, Lattice, Newfront Insurance, Plaid, reddit, Thrive Capital and Vouch $15m venture financing deal with Modern Life Group