North America’s insurance industry saw a rise of 9.09% in deal activity during August 2021, when compared with the last 12-month average, led by Brookfield Asset Management Reinsurance Partners’ $5.1bn acquisition of American National Group, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

 

A total of 24 insurance industry deals worth $9.3bn were announced for the region in August 2021, against the 12-month average of 22 deals.

Of all the deal types, M&A saw most activity in August 2021 with 17 transactions, representing a 70.8% share for the region.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In second place was venture financing with five deals, followed by private equity deals with two transactions, respectively capturing a 20.8% and 8.3% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s insurance industry with $9.13bn, followed by venture financing deals totalled $162.22m.

North America insurance industry deals in August 2021: Top deals

The top five insurance deals accounted for 98.6% of the overall value during August 2021.

The combined value of the top five insurance deals stood at $9.16bn, against the overall value of $9.3bn recorded for the month.

The top five insurance industry deals of August 2021 tracked by GlobalData were:

1) Brookfield Asset Management Reinsurance Partners $5.1bn acquisition deal with American National Group

2) The $3bn acquisition of The Hagerty Group by Aldel Financial

3) GuideWell Mutual Holding $900m acquisition deal with Triple-S Management

4) The $126m acquisition of 5% stake in Root Insurance by Carvana Group

5) 8VC,AutoTech Ventures,Daimler Trucks North America,McVestCo VC,Munich Re Ventures,Qualcomm Ventures and Weatherford Capital Management Services $32.5m venture financing deal with High Definition Vehicle Insurance