Total insurance industry M&A deals in February 2019 worth $63.92m were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 96.5% over the previous month and a drop of 99% when compared with the last 12-month average, which stood at $6.4bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $50m. At the country level, the US topped the list in terms of deal value at $50m.
In terms of volumes, North America emerged as the top region for insurance industry M&A deals globally, followed by Europe and then Middle East and Africa.
The top country in terms of M&A deals activity in February 2019 was the US with 31 deals, followed by the UK with five and Canada with four.
In 2019, as of the end of February 2019, insurance M&A deals worth $1.87bn were announced globally, marking a decrease of 90.6% year on year.
Insurance industry M&A deals in February 2019 : Top deals
The top five insurance industry M&A deals accounted for 100% of the overall value during February 2019.
The combined value of the top three insurance industry M&A deals stood at $63.92m, against the overall value of $63.92m recorded for the month. The top announced insurance industry M&A deal tracked by GlobalData in February 2019 was Federated National Holding’s $50m acquisition of ClaimCor, Maison Insurance and Maison Managers.
In second place was the $10m acquisition of Assurex S.A.L. by Saradar Capital Holding and in third place was Vunani’s $3.92m acquisition of Metropolitan Life Swaziland.
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.
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.