13 March 2020 – Total insurance industry merger and acquisition (M&A) deals in January 2020 worth $1.13bn were announced globally, according to GlobalData’s deals database.
The value marked a decrease of 91.3% over the previous month and a drop of 69.1% when compared with the last 12-month average, which stood at $3.65bn.
Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $864.41m. At the country level, Spain topped the list in terms of deal value at $863.69m.
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 January 2020 was the US with 39 deals, followed by the UK with eight and Canada with six.
In 2020, as of the end of January 2020, insurance M&A deals worth $1.13bn were announced globally, marking a decrease of 40.5% year on year.
The top five insurance industry M&A deals accounted for 99.01% of the overall value during January 2020.
The combined value of the top five insurance M&A deals stood at $1.12bn, against the overall value of $1.13bn recorded for the month.
The top five insurance industry deals of January 2020 tracked by GlobalData were:
- Helvetia Group’s $863.69m acquisition of Caja de Seguros Reunidos, Compania de Seguros y Reaseguros
- The $150m acquisition of National Lloyds by Align Financial Holdings
- Hana Financial Group’s $86.19m acquisition of The-k Non-life Insurance
- The $14.02m acquisition of DHFL General Insurance by Sachin Bansal
- Independence American Insurance’s acquisition of Figo Pet Insurance for $5m.