Total insurance industry M&A deals in Q4 2018 worth $5.36bn were announced in the United Kingdom, according to GlobalData’s deals database.
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The value marked a decrease of 22.8% over the previous quarter and a rise of 33.8% when compared with the last four-quarter average of $4.01bn.
The United Kingdom held a 32.4% share of the global insurance industry M&A deal value that totalled $16.55bn in Q4 2018.
In terms of deal activity, the United Kingdom recorded 31 deals during Q4 2018, marking a rise of 10.7% over the previous quarter and a flat growth over the last four-quarter average.
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By GlobalDataThe United Kingdom insurance industry M&A deals in Q4 2018: Top deals
The top five insurance industry M&A deals accounted for 99.1% of the overall value during Q4 2018.
The combined value of the top five insurance industry M&A deals stood at $5.31bn, against the overall value of $5.36bn recorded for the quarter. The top announced insurance industry M&A deal tracked by GlobalData in Q4 2018 was Legal & General Assurance Society’s $3.15bn acquisition of Nortel Networks UK Pension Plan.
In second place was the $1.5bn acquisition of Tokio Millennium Re (UK) and Tokio Millennium Re by RenaissanceRe Holdings and in third place was MS&AD Insurance Group’s $398.41m acquisition of ReAssure Jersey One.
The $134.81m acquisition of MSP Underwriting by Cincinnati Financial and Elm Bidco’s acquisition of GBGI for $131.8m 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.
