Global Insurance Industry M&A Activity Up in Q3: GlobalData

In the third-quarter of 2019, total insurance industry merger and acquisition (M&A) deals worth $15.17 billion were announced around the world, which is up 51% on the previous quarter, according to GlobalData.

Source: Reinsurance News | Published on December 11, 2019

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The firm’s deals database reveals that although the value of insurance industry deals in Q3 2019 increased on the previous quarter, it actually declined by more than 27% against the average level seen over the last four-quarters, of $20.84 billion.

Of the $15.17 billion, roughly 61% or $9.27 billion worth of deals occurred in North America, says GlobalData.

In terms of the number of deals, GlobalData states that the number of insurance industry deals witnessed in the third-quarter of 2019, at 302, is more than 13% above the average of 267 seen over the last four-quarters.

Looking at the value of insurance industry deals witnessed in Q3, and GlobalData’s deals database shows that the top five deals accounted for 65.5% of the overall value in the quarter, at $9.93 billion.

As tracked by GlobalData, the largest deal in the period was Prudential Financial’s $3.5 billion acquisition of Assurance IQ, followed by FWD Group’s $3.01 billion takeover of SCB Life Assurance Public, and then Brookfield Business Partners’ $1.93 billion acquisition of Genworth MI Canada.

In fourth place comes Intact Financial’s $753.3 million takeover of Frank Cowan and The Guarantee of North America, while the top five deals of the quarter is completed by Allianz’s asset transaction with Sul America for $741.72 million.