Total insurance industry deals for Q2 2019 worth $8.79bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 29.5% over the previous quarter and a drop of 59.6% when compared with the last four-quarter average of $21.77bn.
In terms of number of deals, the sector saw a drop of 0.4% over the last four-quarter average with 263 deals against the average of 264 deals.
In value terms, North America led the activity with deals worth $4.59bn.
Insurance industry deals in Q2 2019: Top deals
The top five insurance deals accounted for 66.5% of the overall value during Q2 2019.
The combined value of the top five insurance deals stood at $5.84bn, against the overall value of $8.79bn recorded for the quarter. The top announced insurance deal tracked by GlobalData in Q2 2019 was Onex Partners’s $1.8bn private equity deal with Convex Re.
In second place was the $1.2bn asset transaction with Wells Fargo & by Principal Financial Group and in third place was Banco Santander’s $1.06bn acquisition of Allianz Popular.
The $1.05bn asset transaction with Ameriprise Financial by American Family Insurance Group and Allianz (UK)’s acquisition of Liverpool Victoria General Insurance Group for $729.42m held fourth and fifth positions, respectively.
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.