In the US life insurance industry, there were 11 M&A deals announced in Q3 2024, worth a total value of $2bn, according to GlobalData’s Deals Database. The $2bn acquisition of American Heritage Life Insurance and American Heritage Service by StanCorp Financial Group was the industry’s largest disclosed deal. GlobalData’s Insurance Industry Mergers and Acquisitions Deals by Top Themes in Q3 2024 report helps understand the transformative themes fueling M&A activity in the insurance industry. Buy the report here.
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In value terms, M&A activity in the US remained flat in Q3 2024 compared with the previous quarter and as compared to Q3 2023. Related deal volume increased by 83% in Q3 2024 versus the previous quarter and was 267% higher than in Q3 2023.
The top-ranked financial advisors supporting these M&A deals in the US in 9M 2024 were Citigroup; JPMorgan Chase & Co; MarshBerry with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in the US in 9M 2024 were Morgan, Lewis & Bockius; Debevoise & Plimpton; Duane Morris with 2, 1, 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.
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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.
