In value terms, M&A activity increased by 144% in Q3 2024 compared with the previous quarter’s total of $1.6bn and rose by 182% as compared to Q3 2023. Related deal volume decreased by 5% in Q3 2024 versus the previous quarter and was 19% higher than in Q3 2023.

Notably, individualism & expression-related deals accounted for an 11% share of the global life insurance industry’s M&A activity in Q3 2024, registering a flat growth over the previous quarter.

The top-ranked financial advisors supporting these M&A deals in 9M 2024 were UBS Group; Citigroup; Gunner & Co with 2, 1, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in 9M 2024 were Morgan, Lewis & Bockius; White & Case; Chiomenti with 2, 2, 1 deals respectively.

For further understanding of GlobalData's Insurance Industry Mergers And Acquisitions Deals By Top Themes In Q3 2024 – Strategic Intelligence, buy the report here.

This content was updated on 19 October 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.