The US insurance industry saw a drop of 13.7% in overall deal activity during January 2020, when compared with the last 12-month average, according to GlobalData’s deals database.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
- Embed this chart
Embed this chart into your website
Copy and paste the code below into your website to display the chart.
A total of 44 deals worth $296.16m were announced in January 2020, compared to the 12-month average of 51 deals.
M&A was the leading category in the month in terms of volume with 39 deals which accounted for 88.6% of all deals.
In second place was venture financing with four deals, followed by private equity with one transactions, respectively accounting for 9.1% and 2.3% of overall deal activity in the country’s insurance industry during the month.
In terms of value of deals, M&A was the leading deal category in the US insurance industry with total deals worth $159.7m, while private equity and venture financing deals totalled $86.46m and $50m, respectively.
US insurance industry deals in January 2020: Top deals
The top five insurance industry deals accounted for 95.2% of the overall value during January 2020.
The combined value of the top five insurance deals stood at $282m, against the overall value of $296.16m recorded for the month.
The top five insurance industry deals of January 2020 tracked by GlobalData were:
1) Align Financial Holdings’ $150m acquisition of National Lloyds
2) The $50m venture financing of Clearcover by American Family Ventures, Cox Enterprises, IA Capital Group and OMERS Ventures
3) Hudson Structured Capital Management’s $50m private equity deal with Gracie Point Holdings
4) The $27m venture financing of Gabi Personal Insurance Agency by Mubadala Capital and Canvas
5) Independence American Insurance’s acquisition of Figo Pet Insurance for $5m.
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.
