Global Insurance Industry M&A Total Reached $12.92B in December

February 5, 2020

Total insurance industry merger and acquisition (M&A) deals in December 2019 worth $12.92 billion were announced globally, according to GlobalData’s deals database.

The value marked an increase of 470.5% over the previous month and a rise of 336.3% when compared with the last 12-month average, which stood at $2.96 billion.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $8.27 billion. At the country level, the U.S. topped the list in terms of deal value at $8.27 billion.

In terms of volumes, North America emerged as the top region for insurance industry M&A deals globally, followed by Europe and then Asia-Pacific.

The top country in terms of M&A deals activity in December 2019 was the U.S. with 31 deals, followed by the UK with eight and France with four.

In 2019, as of the end of December 2019, insurance M&A deals worth $43.63 billion were announced globally, marking a decrease of 50.1% year on year.

Insurance industry M&A top deals in December 2019:

The top five insurance industry M&A deals accounted for 99.6% of the overall value during December 2019.

The combined value of the top five insurance M&A deals stood at $12.87 billion, against the overall value of $12.92 billion recorded for the month.

According to GlobalData, the top five insurance industry deals of December 2019 were:

  • New York Life Insurance’s $6.3 billion asset transaction with Cigna
  • The $4.27 billion acquisition of ReAssure Group by Phoenix Group Holdings
  • Resolution Life Holdings’ $1.25 billion asset transaction with Voya Financial
  • The $720 million acquisition of IAS Parent Holdings by IA Financial Group
  • Intesa Sanpaolo’s acquisition of RBM Assicurazione Salute for $333.73 million.

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