Total insurance industry M&A deals worth $361.2m were announced globally in April 2021, led by $272.33m merger of Amana Cooperative Insurance and Saudi Enaya Cooperative Insurance, according to GlobalData’s deals database.
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The value marked a decrease of 98.1% over the previous month of $18.86bn and a drop of 93.9% when compared with the last 12-month average, which stood at $5.91bn.
Comparing M&A deals value in different regions of the globe, Middle East and Africa held the top position, with total announced deals in the period worth $272.33m. At the country level, the Saudi Arabia topped the list in terms of deal value at $272.33m.
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.
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By GlobalDataThe top country in terms of M&A deals activity in April 2021 was the US with 15 deals, followed by the UK with five and Canada with three.
In 2021, as of April, insurance M&A deals worth $28.89bn were announced globally, marking an increase of 211.05% year on year.
insurance industry M&A deals in April 2021: Top deals
The top three M&A deals accounted for 100% of the overall value during April 2021.
The combined value of the top three insurance M&A deals stood at $361.21m, against the overall value of $361.2m recorded for the month.
The top three insurance industry M&A deals of April 2021 tracked by GlobalData were:
1) The $272.33m merger of Amana Cooperative Insurance and Saudi Enaya Cooperative Insurance
2) The $60m asset transaction with Cigna by Molina Healthcare
3) Fathom Realty’s $28.88m acquisition of E4:9 Holdings.