Total insurance industry M&A deals in Q3 2019 worth $4.17bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 51.2% over the previous quarter and a rise of 34.2% when compared with the last four-quarter average of $3.11bn.

The US held a 33.8% share of the global insurance industry M&A deal value that totalled $12.35bn in Q3 2019.

In terms of deal activity, the US recorded 121 deals during Q3 2019, marking a rise of 12.04% over the previous quarter and a rise of 4.3% over the last four-quarter average.

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The US insurance industry M&A deals in Q3 2019: Top deals

The top five insurance industry M&A deals accounted for 100% of the overall value during Q3 2019.

The combined value of the top five insurance M&A deals stood at $4.17bn, against the overall value of $4.17bn recorded for the month.

The top five insurance industry deals of Q3 2019 tracked by GlobalData were:

1) Prudential Financial’s $3.5bn acquisition of Assurance IQ

2) The $384.25m acquisition of White Eagle Asset Portfolio by Jade Mountain Partners

3) Markel’s $212.5m acquisition of The Hagerty Group

4) The $75m acquisition of Pavonia Life Insurance by Aspida Financial

5) Old Republic National Title Insurance’s acquisition of Surety Title Agency for $0m.

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.