Total insurance industry M&A deals in January 2020 worth $159.7m were announced in the US, according to GlobalData’s deals database.

The value marked a decrease of 98.1% over the previous month and a drop of 90.4% when compared with the last 12-month average of $1.67bn.

The US held a 14.1% share of the global insurance industry M&A deal value that totalled $1.13bn in January 2020.

In terms of deal activity, the US recorded 39 deals during January 2020, marking an increase of 21.9% over the previous month and a flat growth over the 12-month average.

The US insurance industry M&A deals in January 2020: Top deals

The top three insurance industry M&A deals accounted for 100% of the overall value during January 2020.

The combined value of the top three insurance M&A deals stood at $159.7m, against the overall value of $159.7m recorded for the month.

The top three insurance industry deals of January 2020 tracked by GlobalData were:

1) Align Financial Holdings’ $150m acquisition of National Lloyds

2) The $5m acquisition of Figo Pet Insurance by Independence American Insurance

3) Buckle Agency’s $4.7m acquisition of Gateway Insurance

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.