Total insurance industry M&A deals worth $171.3m were announced globally in October 2021, led by Swiss Re and Vijay Shekhar Sharma’s $122.54m acquisition of Paytm Insuretech, according to GlobalData’s deals database.
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The value marked a decrease of 95.02% over the previous month of $3.44bn and a drop of 96.4% when compared with the last 12-month average, which stood at $4.69bn.
Comparing M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $122.54m. At the country level, the India topped the list in terms of deal value at $122.54m.
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.
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By GlobalDataThe top country in terms of M&A deals activity in October 2021 was the US with eight deals, followed by the UK with four and Canada with three.
In 2021, as of October, insurance M&A deals worth $38.18bn were announced globally, marking an increase of 13.5% year on year.
insurance industry M&A deals in October 2021: Top deals
The top five M&A deals accounted for 100% of the overall value during October 2021.
The combined value of the top five insurance M&A deals stood at $171.33m, against the overall value of $171.3m recorded for the month.
The top five insurance industry M&A deals of October 2021 tracked by GlobalData were:
1) Swiss Re and Vijay Shekhar Sharma $122.54m acquisition deal for 23% stake in Paytm Insuretech
2) The $48.78m acquisition of 23% stake in Euroins Insurance Group by European Bank for Reconstruction and Development
3) Ascot Group $0m acquisition deal with Amfed Companies
4) The $0m acquisition of S.JohnsonLtd by Aston Lark
5) AGA Financial Group $0m acquisition deal with Agile Benefits,CustomCare and PPI Benefits